Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 1,664.9% in the 3rd quarter, Holdings Channel reports. The fund owned 1,306 shares of the company’s stock after buying an additional 1,232 shares during the period. Assetmark Inc.’s holdings in Invitation Homes were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of INVH. Canada Pension Plan Investment Board grew its position in shares of Invitation Homes by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after acquiring an additional 128,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Invitation Homes by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after buying an additional 170,374 shares in the last quarter. PGGM Investments grew its stake in Invitation Homes by 4.9% in the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock valued at $176,812,000 after acquiring an additional 232,012 shares during the period. Boston Partners increased its holdings in Invitation Homes by 4.3% in the 1st quarter. Boston Partners now owns 3,218,905 shares of the company’s stock worth $114,617,000 after acquiring an additional 132,381 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Invitation Homes by 10.1% during the second quarter. Victory Capital Management Inc. now owns 1,246,456 shares of the company’s stock worth $44,735,000 after acquiring an additional 114,426 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on INVH shares. Keefe, Bruyette & Woods cut their target price 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 reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Evercore ISI lifted their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada reduced their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Stock Up 1.1 %

Shares of NYSE INVH opened at $34.15 on Tuesday. The company has a market capitalization of $20.92 billion, a P/E ratio of 48.10, a P/E/G ratio of 5.14 and a beta of 1.02. 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 has a 50 day simple moving average of $34.32 and a 200-day simple moving average of $35.03. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.28%. Invitation Homes’s dividend payout ratio (DPR) is 157.75%.

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.