Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in Invitation Homes Inc. (NYSE:INVH) by 146.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,213 shares of the company’s stock after buying an additional 8,451 shares during the quarter. Sanctuary Advisors LLC’s holdings in Invitation Homes were worth $482,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in INVH. UMB Bank n.a. grew its holdings in Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after buying an additional 641 shares during the period. Paladin Wealth LLC purchased a new stake in Invitation Homes in the third quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new position in Invitation Homes during the second quarter worth approximately $44,000. Headlands Technologies LLC purchased a new position in Invitation Homes during the second quarter worth approximately $45,000. Finally, Assetmark Inc. boosted its holdings in shares of Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Scotiabank cut their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Evercore ISI increased 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. Finally, Barclays assumed coverage on shares of Invitation Homes in a research report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.70.

Invitation Homes Price Performance

INVH stock opened at $32.62 on Thursday. The stock’s 50 day moving average is $33.42 and its two-hundred day moving average is $34.77. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The company has a market capitalization of $19.98 billion, a PE ratio of 45.94, a P/E/G ratio of 5.06 and a beta of 1.03. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.56%. Invitation Homes’s dividend payout ratio is currently 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.