The Manufacturers Life Insurance Company Has $14.15 Million Position in Invitation Homes Inc. (NYSE:INVH)

The Manufacturers Life Insurance Company raised its position in Invitation Homes Inc. (NYSE:INVH) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,160 shares of the company’s stock after buying an additional 6,031 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Invitation Homes worth $14,145,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Invitation Homes by 81.7% during the second quarter. GAMMA Investing LLC now owns 5,257 shares of the company’s stock worth $189,000 after acquiring an additional 2,363 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Invitation Homes in the second quarter valued at approximately $125,000. Manning & Napier Advisors LLC bought a new stake in shares of Invitation Homes in the second quarter valued at approximately $13,123,000. Opal Wealth Advisors LLC acquired a new stake in Invitation Homes during the second quarter worth approximately $109,000. Finally, Czech National Bank increased its stake in Invitation Homes by 8.4% during the 2nd quarter. Czech National Bank now owns 109,721 shares of the company’s stock worth $3,938,000 after acquiring an additional 8,507 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on INVH shares. Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Bank of America lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their target price for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. JPMorgan Chase & Co. upped their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Scotiabank decreased their price objective 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. Finally, Royal Bank of Canada reduced their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Stock Performance

NYSE INVH opened at $34.25 on Monday. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 48.24, a PEG ratio of 5.21 and a beta of 1.02. 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 Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The stock has a fifty day simple moving average of $33.91 and a 200 day simple moving average of $34.98.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.27%. Invitation Homes’s dividend payout ratio (DPR) is 157.75%.

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.