Invitation Homes Inc. (NYSE:INVH) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. trimmed its position in Invitation Homes Inc. (NYSE:INVH) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,320 shares of the company’s stock after selling 437 shares during the period. Washington Trust Advisors Inc.’s holdings in Invitation Homes were worth $9,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after acquiring an additional 641 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Invitation Homes during the 3rd quarter worth about $40,000. Family Firm Inc. purchased a new stake in shares of Invitation Homes during the 2nd quarter worth about $42,000. Ashton Thomas Private Wealth LLC purchased a new position in Invitation Homes in the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC purchased a new position in Invitation Homes in the 2nd quarter valued at about $45,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INVH. The Goldman Sachs Group began coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target for the company. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and cut their price target for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Evercore ISI raised their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Keefe, Bruyette & Woods cut their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target 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. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Trading Up 1.2 %

NYSE INVH opened at $33.71 on Friday. The stock has a market capitalization of $20.65 billion, a P/E ratio of 47.47, a P/E/G ratio of 4.73 and a beta of 1.02. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The firm has a 50-day moving average price of $34.65 and a 200 day moving average price of $35.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. 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 3.32%. Invitation Homes’s dividend payout ratio (DPR) is presently 157.75%.

Invitation Homes Company 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.