Swedbank AB Grows Position in Invitation Homes Inc. (NYSE:INVH)

Swedbank AB boosted its holdings in Invitation Homes Inc. (NYSE:INVH) by 25.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 574,855 shares of the company’s stock after purchasing an additional 115,211 shares during the quarter. Swedbank AB owned about 0.09% of Invitation Homes worth $20,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in INVH. BOK Financial Private Wealth Inc. purchased a new position in shares of Invitation Homes during the first quarter valued at approximately $26,000. UMB Bank n.a. increased its stake in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Paladin Wealth LLC bought a new stake in Invitation Homes during the third quarter valued at about $40,000. Family Firm Inc. bought a new stake in Invitation Homes during the 2nd quarter valued at approximately $42,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Invitation Homes in the second quarter worth $44,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

INVH opened at $34.24 on Thursday. The firm has a market capitalization of $20.97 billion, a PE ratio of 39.36, a P/E/G ratio of 4.71 and a beta of 1.01. The firm has a 50 day moving average of $35.52 and a two-hundred day moving average of $35.18. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $37.80. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The company had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. On average, analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 128.74%.

Analysts Set New Price Targets

A number of brokerages recently commented on INVH. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and dropped their price target for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Evercore ISI raised their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Mizuho reduced their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.