Pathstone Holdings LLC Has $1.58 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Pathstone Holdings LLC raised its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,764 shares of the company’s stock after buying an additional 1,031 shares during the quarter. Pathstone Holdings LLC’s holdings in Invitation Homes were worth $1,581,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Invitation Homes by 496.9% in the second 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 acquired a new position in shares of Invitation Homes during the 3rd quarter worth about $40,000. Family Firm Inc. acquired a new stake in shares of Invitation Homes in the second quarter valued at about $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC acquired a new position in shares of Invitation Homes during the 2nd quarter worth about $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Up 1.3 %

INVH opened at $34.62 on Thursday. The company has a fifty day moving average price of $34.00 and a two-hundred day moving average price of $35.00. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market cap of $21.21 billion, a P/E ratio of 48.11, a price-to-earnings-growth ratio of 5.15 and a beta of 1.02.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.24%. Invitation Homes’s dividend payout ratio is 157.75%.

Wall Street Analysts Forecast Growth

INVH has been the topic of a number of research reports. Scotiabank decreased their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. UBS Group boosted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI raised their price target 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. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.80.

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.