Charles Schwab Investment Management Inc. Has $231.56 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Charles Schwab Investment Management Inc. grew its holdings in Invitation Homes Inc. (NYSE:INVH) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,567,267 shares of the company’s stock after purchasing an additional 248,701 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Invitation Homes were worth $231,562,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board increased 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 valued at $567,597,000 after purchasing an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP raised 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 acquiring an additional 170,374 shares during the period. PGGM Investments boosted its stake in Invitation Homes by 4.9% during the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock worth $176,812,000 after acquiring an additional 232,012 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Invitation Homes by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company’s stock valued at $125,330,000 after purchasing an additional 50,881 shares in the last quarter. Finally, Boston Partners raised its holdings in Invitation Homes by 4.3% in the first quarter. Boston Partners now owns 3,218,905 shares of the company’s stock worth $114,617,000 after purchasing an additional 132,381 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

INVH has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group assumed coverage on Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Stock Performance

Shares of INVH stock opened at $33.88 on Friday. The company has a fifty day moving average price of $34.10 and a two-hundred day moving average price of $35.01. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80. The stock has a market cap of $20.76 billion, a P/E ratio of 47.72, a P/E/G ratio of 5.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes Announces Dividend

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

Invitation Homes 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.