Oppenheimer & Co. Inc. Reduces Stock Position in Invitation Homes Inc. (NYSE:INVH)

Oppenheimer & Co. Inc. lowered its position in shares of Invitation Homes Inc. (NYSE:INVH) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,739 shares of the company’s stock after selling 897 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invitation Homes were worth $1,084,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in INVH. Janney Montgomery Scott LLC boosted its position in Invitation Homes by 9.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,110 shares of the company’s stock valued at $324,000 after buying an additional 804 shares during the period. Intech Investment Management LLC lifted its position in shares of Invitation Homes by 114.9% in the 1st quarter. Intech Investment Management LLC now owns 21,812 shares of the company’s stock worth $777,000 after purchasing an additional 11,660 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Invitation Homes by 10.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,612 shares of the company’s stock worth $1,233,000 after purchasing an additional 3,295 shares during the period. Bessemer Group Inc. lifted its position in shares of Invitation Homes by 55.2% in the 1st quarter. Bessemer Group Inc. now owns 2,296 shares of the company’s stock worth $83,000 after purchasing an additional 817 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Invitation Homes by 321.5% in the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock worth $19,686,000 after purchasing an additional 431,735 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INVH shares. Royal Bank of Canada dropped their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Scotiabank dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. raised their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Mizuho decreased their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Stock Up 1.1 %

NYSE:INVH opened at $34.15 on Tuesday. The firm has a market cap 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 quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The firm has a 50-day simple moving average of $34.32 and a two-hundred day simple moving average of $35.03.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.28%. Invitation Homes’s dividend payout ratio is presently 157.75%.

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.