Penserra Capital Management LLC Has $716,000 Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Penserra Capital Management LLC lowered its stake in Invitation Homes Inc. (NYSE:INVH) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 20,374 shares of the company’s stock after selling 432 shares during the period. Penserra Capital Management LLC’s holdings in Invitation Homes were worth $716,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. KBC Group NV increased its position in Invitation Homes by 450.8% during the 3rd quarter. KBC Group NV now owns 586,832 shares of the company’s stock worth $20,691,000 after buying an additional 480,291 shares during the period. Citigroup Inc. raised its stake in Invitation Homes by 63.6% in the 3rd quarter. Citigroup Inc. now owns 1,183,552 shares of the company’s stock worth $41,732,000 after purchasing an additional 460,128 shares in the last quarter. Swedbank AB bought a new stake in Invitation Homes in the 1st quarter valued at about $16,368,000. Manning & Napier Advisors LLC acquired a new position in shares of Invitation Homes during the 2nd quarter worth approximately $13,123,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of Invitation Homes by 4,524.1% during the second quarter. Panagora Asset Management Inc. now owns 300,795 shares of the company’s stock worth $10,796,000 after purchasing an additional 294,290 shares during the period. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Scotiabank reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Finally, UBS Group upped their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Stock Up 1.3 %

Shares of NYSE:INVH opened at $34.62 on Thursday. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. 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 business’s 50-day moving average is $34.00 and its 200-day moving average is $35.00. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 48.75, a P/E/G ratio of 5.15 and a beta of 1.02.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is currently 157.75%.

Invitation Homes Company 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.