MML Investors Services LLC Sells 1,124 Shares of Invitation Homes Inc. (NYSE:INVH)

MML Investors Services LLC reduced its position in Invitation Homes Inc. (NYSE:INVH) by 11.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,012 shares of the company’s stock after selling 1,124 shares during the quarter. MML Investors Services LLC’s holdings in Invitation Homes were worth $318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in 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 acquiring an additional 641 shares during the last quarter. Paladin Wealth LLC acquired a new position in shares of Invitation Homes during the 3rd quarter worth $40,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invitation Homes during the 2nd quarter worth $44,000. Headlands Technologies LLC acquired a new stake in Invitation Homes in the second quarter valued at about $45,000. Finally, Assetmark Inc. grew its position in Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after acquiring an additional 1,232 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on INVH shares. Royal Bank of Canada reduced their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Mizuho decreased their target price 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. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and dropped their price target for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods reduced their price objective on 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. Finally, The Goldman Sachs Group began coverage on Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.70.

Invitation Homes Stock Performance

INVH stock opened at $32.62 on Wednesday. The firm has a market cap of $19.98 billion, a PE ratio of 45.94, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03. 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 stock has a 50-day moving average price of $33.43 and a 200-day moving average price of $34.79. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 26th. 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 3.56%. Invitation Homes’s payout ratio is 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.