Fmr LLC Increases Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Fmr LLC grew its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,813,744 shares of the company’s stock after purchasing an additional 753,464 shares during the quarter. Fmr LLC owned approximately 3.07% of Invitation Homes worth $663,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in Invitation Homes by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. KBC Group NV increased its stake in shares of Invitation Homes by 450.8% in the 3rd quarter. KBC Group NV now owns 586,832 shares of the company’s stock worth $20,691,000 after purchasing an additional 480,291 shares in the last quarter. Citigroup Inc. raised its holdings in Invitation Homes by 63.6% in the 3rd quarter. Citigroup Inc. now owns 1,183,552 shares of the company’s stock worth $41,732,000 after purchasing an additional 460,128 shares during the period. Swedbank AB purchased a new position in Invitation Homes during the first quarter valued at $16,368,000. Finally, Manning & Napier Advisors LLC bought a new stake in Invitation Homes during the second quarter valued at about $13,123,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.3 %

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

Invitation Homes Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Evercore ISI raised their price objective on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. UBS Group lifted their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Scotiabank cut 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. Finally, Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.