Invitation Homes Inc. (NYSE:INVH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Invitation Homes Inc. (NYSE:INVH) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,349 shares of the company’s stock after selling 1,588 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Invitation Homes were worth $10,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of INVH. UMB Bank n.a. boosted its position 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 worth $28,000 after buying an additional 641 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Invitation Homes in the third quarter valued at about $40,000. Family Firm Inc. acquired a new stake in shares of Invitation Homes in the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Invitation Homes during the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC purchased a new stake in Invitation Homes in the 2nd quarter valued at approximately $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Down 1.0 %

Shares of NYSE:INVH opened at $34.25 on Monday. The stock has a 50-day simple moving average of $33.91 and a 200-day simple moving average of $34.98. The stock has a market capitalization of $20.98 billion, a P/E ratio of 48.24, a PEG ratio of 5.21 and a beta of 1.02. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year 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.

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 dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.27%. Invitation Homes’s dividend payout ratio is currently 157.75%.

Analyst Ratings Changes

Several equities analysts have weighed in on INVH shares. JPMorgan Chase & Co. raised their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and cut their target price for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Royal Bank of Canada decreased their price target on shares of 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. Mizuho cut their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, Evercore ISI raised their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Invitation Homes presently has an average 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.