abrdn plc Has $11.31 Million Stake in Invitation Homes Inc. (NYSE:INVH)

abrdn plc cut its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 17.4% during the third quarter, Holdings Channel reports. The fund owned 322,041 shares of the company’s stock after selling 67,712 shares during the quarter. abrdn plc’s holdings in Invitation Homes were worth $11,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings 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 valued at $28,000 after purchasing an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Invitation Homes during the 3rd quarter worth about $40,000. Family Firm Inc. acquired a new position in Invitation Homes in the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes in the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes during the second quarter worth approximately $45,000. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on INVH shares. UBS Group increased their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada dropped their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday. Bank of America lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.90.

Invitation Homes Stock Down 0.0 %

Shares of NYSE:INVH opened at $31.40 on Friday. The business’s 50 day moving average is $35.09 and its 200 day moving average is $35.08. Invitation Homes Inc. has a 12-month low of $30.20 and a 12-month high of $37.80. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 4.71 and a beta of 1.01. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio is 157.75%.

Invitation Homes Company Profile

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.