Y Intercept Hong Kong Ltd Sells 18,372 Shares of Invitation Homes Inc. (NYSE:INVH)

Y Intercept Hong Kong Ltd decreased its holdings in Invitation Homes Inc. (NYSE:INVH) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,221 shares of the company’s stock after selling 18,372 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Invitation Homes were worth $2,723,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its position in Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC raised its position in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after acquiring an additional 128,000 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Invitation Homes by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after acquiring an additional 997,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after acquiring an additional 170,374 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

NYSE:INVH opened at $33.68 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $33.70 and its two-hundred day moving average price is $34.92. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 47.44, a P/E/G ratio of 5.09 and a beta of 1.03. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80.

Invitation Homes Dividend Announcement

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 was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.33%. Invitation Homes’s dividend payout ratio is 157.75%.

Analyst Upgrades and Downgrades

INVH has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Mizuho decreased their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and decreased their target price for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Finally, The Goldman Sachs Group started coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.