Paradigm Asset Management Co. LLC Takes Position in Invitation Homes Inc. (NYSE:INVH)

Paradigm Asset Management Co. LLC purchased a new stake in Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 28,600 shares of the company’s stock, valued at approximately $914,000.

A number of other large investors also recently modified their holdings of INVH. State Street Corp raised its position in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC grew its stake in shares of Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Invitation Homes by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock valued at $231,562,000 after buying an additional 248,701 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after buying an additional 1,089,281 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Price Performance

Shares of INVH opened at $32.25 on Friday. The stock has a market cap of $19.76 billion, a PE ratio of 45.42, a price-to-earnings-growth ratio of 4.63 and a beta of 1.04. 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 $30.13 and a fifty-two week high of $37.80. The firm’s 50-day simple moving average is $31.51 and its two-hundred day simple moving average is $33.56.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.60%. Invitation Homes’s dividend payout ratio is presently 163.38%.

Analyst Ratings Changes

Several analysts have recently commented on INVH shares. Keefe, Bruyette & Woods reduced their target price on 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. Barclays cut their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. 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 on the stock in a research report on Friday, November 1st. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.47.

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.