Swiss National Bank Grows Holdings in Invitation Homes Inc. (NYSE:INVH)

Swiss National Bank grew its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,817,816 shares of the company’s stock after buying an additional 6,000 shares during the period. Swiss National Bank’s holdings in Invitation Homes were worth $64,096,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in 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 buying an additional 641 shares in the last quarter. Paladin Wealth LLC bought a new stake in shares of Invitation Homes in the 3rd quarter worth approximately $40,000. Family Firm Inc. purchased a new stake in shares of Invitation Homes in the 2nd quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Invitation Homes during the 2nd quarter valued at $44,000. Finally, Headlands Technologies LLC purchased a new position in Invitation Homes in the 2nd quarter worth $45,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Trading Down 0.3 %

Shares of NYSE INVH opened at $34.04 on Wednesday. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a 50-day moving average of $34.25 and a 200 day moving average of $35.03. The stock has a market cap of $20.85 billion, a P/E ratio of 47.94, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.29%. Invitation Homes’s payout ratio is 157.75%.

Wall Street Analyst Weigh In

Several research firms have issued reports on INVH. Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Scotiabank reduced their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average target price of $38.80.

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.