US Bancorp DE Sells 848 Shares of Invitation Homes Inc. (NYSE:INVH)

US Bancorp DE trimmed its holdings in Invitation Homes Inc. (NYSE:INVH) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,799 shares of the company’s stock after selling 848 shares during the period. US Bancorp DE’s holdings in Invitation Homes were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in Invitation Homes by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after acquiring an additional 310 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Invitation Homes by 6.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after buying an additional 343 shares during the last quarter. CWM LLC grew its position in shares of Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after buying an additional 351 shares during the last quarter. Appleton Partners Inc. MA lifted its stake in shares of Invitation Homes by 0.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after purchasing an additional 365 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Invitation Homes by 0.6% in the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock valued at $2,279,000 after purchasing an additional 369 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Up 1.2 %

Shares of INVH stock opened at $33.70 on Friday. The stock has a market cap of $20.64 billion, a P/E ratio of 47.46, a PEG ratio of 4.73 and a beta of 1.02. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $34.65 and its two-hundred day simple moving average is $35.05.

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 given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is 157.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on INVH shares. JPMorgan Chase & Co. increased their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Scotiabank reduced their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. The Goldman Sachs Group assumed coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. UBS Group increased their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

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.