Intact Investment Management Inc. Invests $74,000 in Invitation Homes Inc. (NYSE:INVH)

Intact Investment Management Inc. bought a new stake in Invitation Homes Inc. (NYSE:INVH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,100 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Canada Pension Plan Investment Board increased its position in shares of Invitation Homes by 27.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after purchasing an additional 3,351,424 shares during the last quarter. Swedbank AB acquired a new position in Invitation Homes during the first quarter worth $16,368,000. National Bank of Canada FI increased its holdings in Invitation Homes by 321.5% during the first quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock worth $19,686,000 after buying an additional 431,735 shares during the last quarter. Centersquare Investment Management LLC raised its position in Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after acquiring an additional 384,564 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Invitation Homes in the second quarter valued at $13,123,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.5 %

Shares of INVH stock opened at $32.26 on Wednesday. The stock has a market cap of $19.76 billion, a P/E ratio of 45.44, a price-to-earnings-growth ratio of 4.45 and a beta of 1.02. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $35.07.

Invitation Homes Dividend Announcement

The business 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. This represents a $1.12 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is currently 157.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INVH shares. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $37.00 to $38.00 in a report on Monday, August 26th. JPMorgan Chase & Co. raised their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Evercore ISI boosted their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada cut their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, Scotiabank decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.90.

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.