Easterly Investment Partners LLC Purchases Shares of 50,000 Invitation Homes Inc. (NYSE:INVH)

Easterly Investment Partners LLC acquired a new position in Invitation Homes Inc. (NYSE:INVH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $1,763,000.

Several other institutional investors have also recently modified their holdings of INVH. Canada Pension Plan Investment Board boosted its stake in Invitation Homes by 0.8% in the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after buying an additional 128,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after buying an additional 170,374 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock valued at $292,485,000 after buying an additional 384,564 shares during the last quarter. PGGM Investments increased its holdings in shares of Invitation Homes by 4.9% in the first quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock worth $176,812,000 after buying an additional 232,012 shares during the period. Finally, Boston Partners lifted its stake in shares of Invitation Homes by 4.3% in the 1st quarter. Boston Partners now owns 3,218,905 shares of the company’s stock valued at $114,617,000 after acquiring an additional 132,381 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Up 1.2 %

Invitation Homes stock opened at $33.71 on Friday. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80. The business’s fifty day moving average is $34.65 and its 200 day moving average is $35.05. 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 stock has a market capitalization of $20.65 billion, a PE ratio of 47.47, a price-to-earnings-growth ratio of 4.73 and a beta of 1.02.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.32%. Invitation Homes’s dividend payout ratio is presently 157.75%.

Analyst Ratings Changes

INVH has been the topic of several recent analyst reports. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Scotiabank dropped their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Mizuho reduced their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. UBS Group raised their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.80.

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.