Connor Clark & Lunn Investment Management Ltd. Makes New $3.83 Million Investment in Invitation Homes Inc. (NYSE:INVH)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Invitation Homes Inc. (NYSE:INVH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 108,466 shares of the company’s stock, valued at approximately $3,825,000.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of 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 acquiring an additional 641 shares in the last quarter. Paladin Wealth LLC bought a new position in Invitation Homes in the 3rd quarter valued at $40,000. Family Firm Inc. purchased a new stake in shares of Invitation Homes during the 2nd quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invitation Homes during the 2nd quarter worth $44,000. Finally, Headlands Technologies LLC bought a new stake in shares of Invitation Homes during the 2nd quarter worth $45,000. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

INVH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. 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 research note on Tuesday, September 10th. Mizuho dropped their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company cut 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 research report on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Stock Performance

NYSE INVH opened at $33.88 on Friday. The company’s 50 day simple moving average is $34.10 and its two-hundred day simple moving average is $35.01. The stock has a market capitalization of $20.76 billion, a PE 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 Inc. has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Dividend Announcement

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

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.