GLOBALT Investments LLC GA Sells 3,003 Shares of Invitation Homes Inc. (NYSE:INVH)

GLOBALT Investments LLC GA lowered its stake in Invitation Homes Inc. (NYSE:INVH) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 175,842 shares of the company’s stock after selling 3,003 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Invitation Homes were worth $6,200,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its holdings in Invitation Homes by 27.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after buying an additional 3,351,424 shares in the last quarter. KBC Group NV lifted its holdings in Invitation Homes by 450.8% in the 3rd 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 in the last quarter. Swedbank AB purchased a new stake in shares of Invitation Homes during the 1st quarter worth approximately $16,368,000. National Bank of Canada FI raised its holdings in shares of Invitation Homes by 321.5% during the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock worth $19,686,000 after acquiring an additional 431,735 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Invitation Homes during the 2nd quarter worth approximately $13,123,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.7 %

Shares of INVH opened at $33.79 on Monday. 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 firm has a 50 day simple moving average of $34.32 and a 200-day simple moving average of $35.03. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 47.59, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. Invitation Homes’s dividend payout ratio is presently 157.75%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on INVH shares. The Goldman Sachs Group started coverage on Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective on the stock. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods decreased their price target 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. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Finally, Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.80.

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.