Gradient Investments LLC Has $1.80 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Gradient Investments LLC cut its position in Invitation Homes Inc. (NYSE:INVH) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,409 shares of the company’s stock after selling 1,456 shares during the quarter. Gradient Investments LLC’s holdings in Invitation Homes were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in Invitation Homes by 0.8% during the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after acquiring an additional 298,307 shares during the period. FMR LLC lifted its position in shares of Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Invitation Homes by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock valued at $231,562,000 after buying an additional 248,701 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after buying an additional 1,089,281 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on INVH shares. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Royal Bank of Canada decreased their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Keefe, Bruyette & Woods cut their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $35.00 in a research report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.47.

Invitation Homes Stock Up 0.1 %

Shares of INVH opened at $30.54 on Friday. The company has a market capitalization of $18.71 billion, a P/E ratio of 43.02, a PEG ratio of 4.51 and a beta of 1.04. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The business’s 50 day simple moving average is $32.42 and its 200-day simple moving average is $34.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.80%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

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.