Entropy Technologies LP Sells 32,046 Shares of Invitation Homes Inc. (NYSE:INVH)

Entropy Technologies LP trimmed its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 48.4% during the third quarter, HoldingsChannel reports. The fund owned 34,165 shares of the company’s stock after selling 32,046 shares during the quarter. Entropy Technologies LP’s holdings in Invitation Homes were worth $1,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Invitation Homes in the 3rd quarter valued at about $40,000. Family Firm Inc. bought a new stake in shares of Invitation Homes in the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invitation Homes in the second quarter valued at about $44,000. Finally, Headlands Technologies LLC bought a new position in shares of Invitation Homes during the second quarter worth about $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

INVH opened at $33.91 on Thursday. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 5.08 and a beta of 1.02. The company’s fifty day moving average price is $34.44 and its two-hundred day moving average price is $35.04. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.30%. Invitation Homes’s payout ratio is 157.75%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on INVH. Scotiabank reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Evercore ISI upped their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods decreased their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.80.

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.