Invitation Homes Inc. (NYSE:INVH) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC decreased its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 88.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,200 shares of the company’s stock after selling 47,101 shares during the quarter. Wolverine Asset Management LLC’s holdings in Invitation Homes were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in INVH. UMB Bank n.a. increased its position in shares of Invitation Homes by 496.9% in 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 during the period. Paladin Wealth LLC acquired a new position in shares of Invitation Homes in the third quarter valued at about $40,000. Family Firm Inc. acquired a new stake in shares of Invitation Homes during the second quarter worth about $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in Invitation Homes in the second quarter valued at approximately $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes in the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Scotiabank cut their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Evercore ISI boosted their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Keefe, Bruyette & Woods dropped their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group began coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Stock Down 1.1 %

Shares of INVH opened at $33.55 on Friday. The stock has a 50 day moving average price of $34.44 and a 200 day moving average price of $35.04. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80. 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 stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 5.08 and a beta of 1.02.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders 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 dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s payout ratio 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.