Citigroup Inc. Acquires 460,128 Shares of Invitation Homes Inc. (NYSE:INVH)

Citigroup Inc. increased its position in Invitation Homes Inc. (NYSE:INVH) by 63.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,183,552 shares of the company’s stock after buying an additional 460,128 shares during the quarter. Citigroup Inc. owned 0.19% of Invitation Homes worth $41,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of INVH. UMB Bank n.a. lifted its position in Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Invitation Homes during the third quarter valued at approximately $40,000. Family Firm Inc. purchased a new position in shares of Invitation Homes during the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invitation Homes during the second quarter valued at approximately $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invitation Homes during the second quarter valued at approximately $45,000. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INVH shares. Evercore ISI boosted their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Royal Bank of Canada reduced 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. Finally, JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Stock Performance

NYSE:INVH opened at $33.88 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. The stock has a 50-day moving average price of $34.10 and a 200 day moving average price of $35.01. The stock has a market capitalization 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.

Invitation Homes Dividend Announcement

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