Cinctive Capital Management LP Purchases New Position in Invitation Homes Inc. (NYSE:INVH)

Cinctive Capital Management LP acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 267,193 shares of the company’s stock, valued at approximately $9,421,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of 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 purchasing an additional 641 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Invitation Homes in the third quarter valued at approximately $40,000. Family Firm Inc. purchased a new position in shares of Invitation Homes during the second quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Invitation Homes in the 2nd quarter valued at $44,000. Finally, Headlands Technologies LLC purchased a new stake in Invitation Homes in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.0 %

INVH stock opened at $34.25 on Monday. 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 company’s 50 day simple moving average is $33.91 and its 200-day simple moving average is $34.98. Invitation Homes Inc. has a 12 month low of $31.01 and a 12 month high of $37.80. The firm has a market capitalization of $20.98 billion, a PE ratio of 48.24, a P/E/G ratio of 5.21 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. Shareholders of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s payout ratio is 157.75%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on INVH shares. Royal Bank of Canada dropped their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group began coverage on Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Mizuho cut their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, UBS Group lifted their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.