Advisors Asset Management Inc. Buys 11,911 Shares of Invitation Homes Inc. (NYSE:INVH)

Advisors Asset Management Inc. lifted its position in Invitation Homes Inc. (NYSE:INVH) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,601 shares of the company’s stock after acquiring an additional 11,911 shares during the period. Advisors Asset Management Inc.’s holdings in Invitation Homes were worth $3,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of INVH. Canada Pension Plan Investment Board raised its holdings in Invitation Homes by 0.8% in the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after purchasing an additional 128,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Invitation Homes by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after buying an additional 170,374 shares in the last quarter. PGGM Investments increased its position in shares of Invitation Homes by 4.9% in the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock valued at $176,812,000 after buying an additional 232,012 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Invitation Homes by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company’s stock worth $125,330,000 after buying an additional 50,881 shares during the period. Finally, Boston Partners lifted its holdings in Invitation Homes by 4.3% during the first quarter. Boston Partners now owns 3,218,905 shares of the company’s stock worth $114,617,000 after acquiring an additional 132,381 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.2 %

Shares of NYSE:INVH opened at $33.88 on Friday. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $20.76 billion, a P/E ratio of 47.62, a price-to-earnings-growth ratio of 5.17 and a beta of 1.02. The company has a 50-day simple moving average of $34.16 and a 200 day simple moving average of $35.01.

Invitation Homes Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Scotiabank dropped their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. 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 report on Friday, November 1st. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $37.00 to $38.00 in a report on Monday, August 26th. Bank of America lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Finally, UBS Group increased their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and a consensus price target 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.