Quantinno Capital Management LP Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Quantinno Capital Management LP increased its stake in Invitation Homes Inc. (NYSE:INVH) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,184 shares of the company’s stock after buying an additional 976 shares during the period. Quantinno Capital Management LP’s holdings in Invitation Homes were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its position in shares of Invitation Homes by 496.9% during the 2nd 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 period. Paladin Wealth LLC purchased a new position in shares of Invitation Homes during the 3rd quarter worth about $40,000. Family Firm Inc. purchased a new stake in Invitation Homes in the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in Invitation Homes in the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC purchased a new stake in Invitation Homes in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INVH shares. Royal Bank of Canada reduced their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research note on Thursday. Scotiabank cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Finally, Mizuho dropped their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $33.18 on Friday. The firm has a 50-day simple moving average of $33.63 and a 200-day simple moving average of $34.89. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 46.73, a price-to-earnings-growth ratio of 5.09 and a beta of 1.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80.

Invitation Homes 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.