Invitation Homes Inc. (NYSE:INVH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of Invitation Homes Inc. (NYSE:INVH) by 63.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 449,901 shares of the company’s stock after selling 796,555 shares during the period. Victory Capital Management Inc. owned about 0.07% of Invitation Homes worth $15,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Aigen Investment Management LP increased its position in Invitation Homes by 312.2% in the third quarter. Aigen Investment Management LP now owns 23,357 shares of the company’s stock worth $824,000 after buying an additional 17,690 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Invitation Homes by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company’s stock worth $125,330,000 after buying an additional 50,881 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Invitation Homes by 323.5% in the third quarter. Los Angeles Capital Management LLC now owns 31,219 shares of the company’s stock worth $1,101,000 after purchasing an additional 23,847 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Invitation Homes by 0.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 671,085 shares of the company’s stock worth $23,662,000 after purchasing an additional 2,833 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Invitation Homes by 4.4% in the third quarter. Atria Investments Inc now owns 25,859 shares of the company’s stock worth $912,000 after purchasing an additional 1,094 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Down 0.3 %

INVH opened at $34.04 on Wednesday. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The firm’s 50-day simple moving average is $34.25 and its 200-day simple moving average is $35.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of 47.94, a PEG ratio of 5.14 and a beta of 1.02.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 157.75%.

Analyst Upgrades and Downgrades

INVH has been the subject of several recent analyst reports. Scotiabank decreased their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Mizuho decreased 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. The Goldman Sachs Group assumed coverage on Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price for the company. Evercore ISI raised their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. raised 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. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average target price of $38.80.

About Invitation Homes

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.