Invitation Homes Inc. (NYSE:INVH) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,673 shares of the company’s stock after selling 2,696 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invitation Homes were worth $4,890,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of INVH. UMB Bank n.a. grew its stake in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after acquiring an additional 641 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Invitation Homes in the third quarter valued at approximately $40,000. Family Firm Inc. acquired a new stake in shares of Invitation Homes in the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC purchased a new position in Invitation Homes during the second quarter worth approximately $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes during the second quarter worth $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Price Performance

INVH stock opened at $33.88 on Friday. The business’s 50-day moving average is $34.10 and its two-hundred day moving average is $35.01. 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 firm has a market capitalization of $20.76 billion, a P/E ratio of 47.72, a P/E/G ratio of 5.14 and a beta of 1.02. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Dividend Announcement

The company also recently declared 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 was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.31%. Invitation Homes’s dividend payout ratio is currently 157.75%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. The Goldman Sachs Group started coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. Scotiabank reduced their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. UBS Group increased their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Mizuho reduced their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.