M&T Bank Corp Sells 1,927 Shares of Invitation Homes Inc. (NYSE:INVH)

M&T Bank Corp lessened its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 67,995 shares of the company’s stock after selling 1,927 shares during the period. M&T Bank Corp’s holdings in Invitation Homes were worth $2,398,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of Invitation Homes by 1.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 897,593 shares of the company’s stock valued at $31,649,000 after acquiring an additional 16,478 shares during the period. Orion Portfolio Solutions LLC bought a new position in shares of Invitation Homes in the third quarter worth approximately $263,000. XTX Topco Ltd bought a new position in shares of Invitation Homes in the third quarter worth approximately $219,000. National Bank of Canada FI increased its stake in shares of Invitation Homes by 214.5% in the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after purchasing an additional 780,760 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Invitation Homes by 5.9% during the 3rd quarter. Wellington Management Group LLP now owns 51,908 shares of the company’s stock valued at $1,830,000 after purchasing an additional 2,877 shares during the period. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INVH. UBS Group raised their price target on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Mizuho cut their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price on the stock. Evercore ISI lifted their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, 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 note on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $33.07 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $33.60 and its two-hundred day moving average is $34.88. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80. The company has a market capitalization of $20.26 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be issued a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.51%. Invitation Homes’s dividend payout ratio is presently 157.75%.

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.