Exchange Traded Concepts LLC Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Exchange Traded Concepts LLC raised its holdings in Invitation Homes Inc. (NYSE:INVH) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,756 shares of the company’s stock after purchasing an additional 1,948 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Invitation Homes were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Paladin Wealth LLC purchased a new stake in shares of Invitation Homes during the 3rd quarter worth approximately $40,000. Assetmark Inc. raised its holdings in Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after purchasing an additional 1,232 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Invitation Homes during the third quarter worth $49,000. Huntington National Bank grew its holdings in Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after purchasing an additional 699 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Invitation Homes in the third quarter valued at $74,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.0 %

NYSE:INVH opened at $30.99 on Friday. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 43.64, a price-to-earnings-growth ratio of 4.51 and a beta of 1.04. Invitation Homes Inc. has a one year low of $30.13 and a one 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. The business’s 50-day simple moving average is $32.18 and its 200 day simple moving average is $33.96.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.74%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is currently 163.38%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Royal Bank of Canada dropped their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.47.

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.