Harvest Portfolios Group Inc. Acquires 21,820 Shares of Invitation Homes Inc. (NYSE:INVH)

Harvest Portfolios Group Inc. increased its holdings in Invitation Homes Inc. (NYSE:INVH) by 140.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,326 shares of the company’s stock after buying an additional 21,820 shares during the period. Harvest Portfolios Group Inc.’s holdings in Invitation Homes were worth $1,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of INVH. UMB Bank n.a. increased its holdings in shares of Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after acquiring an additional 641 shares during the period. Paladin Wealth LLC bought a new position in Invitation Homes in the third quarter worth about $40,000. Family Firm Inc. bought a new stake in shares of Invitation Homes in the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invitation Homes in the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invitation Homes in the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 3.4 %

Shares of INVH stock opened at $33.36 on Thursday. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two 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 stock’s fifty day moving average is $34.77 and its two-hundred day moving average is $35.06. The firm has a market capitalization of $20.44 billion, a P/E ratio of 46.99, a PEG ratio of 4.50 and a beta of 1.02.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.36%. Invitation Homes’s payout ratio is presently 157.75%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada dropped 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. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Finally, UBS Group upped their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

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.