Huntington National Bank Has $71,000 Holdings in Invitation Homes Inc. (NYSE:INVH)

Huntington National Bank lifted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 53.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,014 shares of the company’s stock after buying an additional 699 shares during the quarter. Huntington National Bank’s holdings in Invitation Homes were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in 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 period. Paladin Wealth LLC acquired 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 Invitation Homes in the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes in the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes during the 2nd quarter worth approximately $45,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Up 1.1 %

INVH opened at $34.15 on Tuesday. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The company’s 50-day moving average price is $34.32 and its two-hundred day moving average price is $35.03. The stock has a market cap of $20.92 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 5.14 and a beta of 1.02. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.28%. Invitation Homes’s payout ratio is 157.75%.

Wall Street Analyst Weigh In

Several research firms have recently commented on INVH. Mizuho decreased their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Evercore ISI boosted their price target 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. JPMorgan Chase & Co. raised their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada decreased their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods cut their price target on 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. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.