Invitation Homes Inc. (NYSE:INVH) Stake Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in Invitation Homes Inc. (NYSE:INVH) by 144.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,027,366 shares of the company’s stock after acquiring an additional 607,163 shares during the quarter. BNP Paribas Financial Markets’ holdings in Invitation Homes were worth $36,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after buying an additional 641 shares during the period. Paladin Wealth LLC acquired a new position in shares of Invitation Homes in the third quarter worth $40,000. Family Firm Inc. purchased a new stake in shares of Invitation Homes during the second quarter worth $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes during the second quarter valued at $44,000. Finally, Headlands Technologies LLC purchased a new position in Invitation Homes in the second quarter valued at about $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.3 %

Shares of INVH stock opened at $34.61 on Friday. The firm’s fifty day simple moving average is $33.97 and its 200 day simple moving average is $34.99. The firm has a market capitalization of $21.20 billion, a P/E ratio of 48.75, a price-to-earnings-growth ratio of 5.15 and a beta of 1.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.24%. Invitation Homes’s dividend payout ratio is 157.75%.

Wall Street Analysts Forecast Growth

INVH has been the subject of several research reports. Mizuho reduced their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Evercore ISI boosted their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.