Raymond James & Associates Has $8.77 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Raymond James & Associates grew its holdings in Invitation Homes Inc. (NYSE:INVH) by 27.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,830 shares of the company’s stock after purchasing an additional 53,237 shares during the period. Raymond James & Associates’ holdings in Invitation Homes were worth $8,774,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its stake in shares of Invitation Homes by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after buying an additional 310 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Invitation Homes by 6.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after buying an additional 343 shares in the last quarter. CWM LLC grew its stake in shares of Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after buying an additional 351 shares in the last quarter. Appleton Partners Inc. MA grew its stake in shares of Invitation Homes by 0.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after buying an additional 365 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Invitation Homes by 0.6% in the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock valued at $2,279,000 after buying an additional 369 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.0 %

INVH opened at $33.21 on Wednesday. Invitation Homes Inc. has a 1-year low of $28.90 and a 1-year high of $37.80. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 38.17, a P/E/G ratio of 4.82 and a beta of 1.01. The business has a 50 day moving average of $35.28 and a 200-day moving average of $35.12.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors 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 dividend on an annualized basis and a dividend yield of 3.37%. Invitation Homes’s payout ratio is 128.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INVH shares. Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Tuesday, July 30th. UBS Group boosted their price target on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 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 report on Thursday, October 10th. Evercore ISI upped their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Eight investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.