Invitation Homes Inc. (NYSE:INVH) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 11.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 47,446 shares of the company’s stock after selling 5,836 shares during the quarter. Franklin Resources Inc.’s holdings in Invitation Homes were worth $1,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after buying an additional 4,883,564 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Invitation Homes by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares during the period. National Bank of Canada FI raised its stake in shares of Invitation Homes by 214.5% during the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after purchasing an additional 780,760 shares during the period. FMR LLC raised its stake in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Invitation Homes by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock valued at $36,225,000 after purchasing an additional 607,163 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on INVH. Mizuho dropped their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Bank of America lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Evercore ISI lifted their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Barclays began coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.79.

Invitation Homes Price Performance

NYSE INVH opened at $32.10 on Friday. The company has a 50 day simple moving average of $33.34 and a 200-day simple moving average of $34.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80.

Invitation Homes Increases Dividend

The company also recently disclosed 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 represents a $1.16 dividend on an annualized basis and a yield of 3.61%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. 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.