Nisa Investment Advisors LLC Cuts Position in Invitation Homes Inc. (NYSE:INVH)

Nisa Investment Advisors LLC reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,545 shares of the company’s stock after selling 32,510 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Invitation Homes were worth $9,905,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in INVH. Vanderbilt University boosted its position in shares of Invitation Homes by 1.5% in the third quarter. Vanderbilt University now owns 67,079 shares of the company’s stock worth $2,365,000 after buying an additional 1,010 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Invitation Homes by 6.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,885 shares of the company’s stock worth $454,000 after acquiring an additional 752 shares in the last quarter. Forsta AP Fonden lifted its position in Invitation Homes by 66.8% during the 3rd quarter. Forsta AP Fonden now owns 188,100 shares of the company’s stock worth $6,632,000 after acquiring an additional 75,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Invitation Homes by 30.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,650 shares of the company’s stock worth $2,613,000 after acquiring an additional 17,277 shares during the period. Finally, Spirit of America Management Corp NY grew its position in Invitation Homes by 20.0% in the third quarter. Spirit of America Management Corp NY now owns 6,000 shares of the company’s stock valued at $212,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on INVH shares. UBS Group upped their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI upped their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Mizuho cut their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Invitation Homes Stock Performance

Shares of INVH opened at $33.25 on Thursday. The stock has a market capitalization of $20.37 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 4.82 and a beta of 1.01. The business’s fifty day moving average price is $35.23 and its 200 day moving average price is $35.12. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a 12-month low of $29.23 and a 12-month high of $37.80.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Invitation Homes Company 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.