Handelsbanken Fonder AB Raises Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Handelsbanken Fonder AB raised its position in shares of Invitation Homes Inc. (NYSE:INVH) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 421,425 shares of the company’s stock after purchasing an additional 42,625 shares during the period. Handelsbanken Fonder AB owned 0.07% of Invitation Homes worth $13,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of INVH. Creative Planning grew its holdings in Invitation Homes by 2.4% during the third quarter. Creative Planning now owns 26,129 shares of the company’s stock valued at $921,000 after purchasing an additional 600 shares during the period. Blue Trust Inc. grew its holdings in Invitation Homes by 299.1% during the third quarter. Blue Trust Inc. now owns 6,182 shares of the company’s stock valued at $222,000 after purchasing an additional 4,633 shares during the period. Raymond James & Associates grew its holdings in Invitation Homes by 27.2% during the third quarter. Raymond James & Associates now owns 248,830 shares of the company’s stock valued at $8,774,000 after purchasing an additional 53,237 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in Invitation Homes by 9.3% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 10,887 shares of the company’s stock valued at $384,000 after purchasing an additional 928 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Invitation Homes by 11.4% during the third quarter. Assenagon Asset Management S.A. now owns 6,571 shares of the company’s stock valued at $232,000 after purchasing an additional 675 shares during the period. 96.79% of the stock is owned by institutional investors.

Invitation Homes Trading Down 1.1 %

Shares of INVH stock opened at $31.90 on Friday. 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 52-week low of $30.13 and a 52-week high of $37.80. The company has a market capitalization of $19.54 billion, a PE ratio of 44.92, a price-to-earnings-growth ratio of 4.63 and a beta of 1.04. The business’s fifty day moving average is $31.48 and its 200 day moving average is $33.54.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. Invitation Homes’s dividend payout ratio (DPR) is presently 163.38%.

Analyst Ratings Changes

Several equities analysts have weighed in on INVH shares. JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Royal Bank of Canada cut their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Barclays cut their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. 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 report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.47.

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.