Sheaff Brock Investment Advisors LLC Sells 358 Shares of Invitation Homes Inc. (NYSE:INVH)

Sheaff Brock Investment Advisors LLC lowered its stake in Invitation Homes Inc. (NYSE:INVH) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,021 shares of the company’s stock after selling 358 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Invitation Homes were worth $1,235,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of INVH. Canada Pension Plan Investment Board increased its position in shares of Invitation Homes by 27.2% in the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after purchasing an additional 3,351,424 shares during the period. KBC Group NV increased its position in shares of Invitation Homes by 450.8% in the third quarter. KBC Group NV now owns 586,832 shares of the company’s stock worth $20,691,000 after purchasing an additional 480,291 shares during the period. Swedbank AB bought a new position in shares of Invitation Homes in the first quarter worth $16,368,000. National Bank of Canada FI boosted its stake in Invitation Homes by 321.5% in the first quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock valued at $19,686,000 after buying an additional 431,735 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Invitation Homes in the second quarter valued at about $13,123,000. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on INVH shares. UBS Group raised their price objective on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Mizuho reduced their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada cut their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average target price of $38.80.

Invitation Homes Price Performance

Shares of INVH opened at $33.79 on Friday. 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 company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 47.59, a price-to-earnings-growth ratio of 5.16 and a beta of 1.02. The business has a 50-day moving average of $34.32 and a 200-day moving average of $35.02.

Invitation Homes Announces Dividend

The business also recently disclosed 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. 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 3.31%. Invitation Homes’s dividend payout ratio (DPR) is 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.