Orion Portfolio Solutions LLC Takes Position in Invitation Homes Inc. (NYSE:INVH)

Orion Portfolio Solutions LLC bought a new position in Invitation Homes Inc. (NYSE:INVH) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,461 shares of the company’s stock, valued at approximately $263,000.

Several other large investors have also added to or reduced their stakes in INVH. State Street Corp raised its stake in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC raised its position in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Invitation Homes by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after acquiring an additional 128,000 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after acquiring an additional 997,353 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after purchasing an additional 170,374 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on INVH shares. Mizuho reduced 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. Evercore ISI upped their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. lifted their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Scotiabank reduced their price objective on 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. Finally, JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.70.

Invitation Homes Trading Up 0.3 %

Invitation Homes stock opened at $31.72 on Friday. The stock has a market cap of $19.43 billion, a P/E ratio of 44.68, a PEG ratio of 5.06 and a beta of 1.03. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The firm’s fifty day moving average price is $33.50 and its 200-day moving average price is $34.83. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.66%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is 163.38%.

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.