Global Wealth Management Investment Advisory Inc. Buys 1,132 Shares of Invitation Homes Inc. (NYSE:INVH)

Global Wealth Management Investment Advisory Inc. grew its holdings in Invitation Homes Inc. (NYSE:INVH) by 7.8% in the third quarter, Holdings Channel reports. The firm owned 15,699 shares of the company’s stock after buying an additional 1,132 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Invitation Homes were worth $554,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in INVH. Oregon Public Employees Retirement Fund lifted its position in Invitation Homes by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after purchasing an additional 310 shares in the last quarter. GAMMA Investing LLC boosted its stake in Invitation Homes by 6.5% during the third quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after buying an additional 343 shares during the last quarter. CWM LLC raised its stake in Invitation Homes by 5.1% during the third quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after purchasing an additional 351 shares in the last quarter. Appleton Partners Inc. MA lifted its holdings in shares of Invitation Homes by 0.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after acquiring an additional 365 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Invitation Homes by 0.6% in the third quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock worth $2,279,000 after acquiring an additional 369 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

INVH has been the topic of a number of recent research reports. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Mizuho dropped their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. 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 for the company. Finally, Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.90.

Invitation Homes Stock Down 0.4 %

Shares of INVH traded down $0.13 during trading hours on Tuesday, hitting $31.66. The company had a trading volume of 83,410 shares, compared to its average volume of 3,353,916. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80. The company’s fifty day moving average price is $34.91 and its two-hundred day moving average price is $35.08. The company has a market capitalization of $19.39 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 4.45 and a beta of 1.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.54%. Invitation Homes’s dividend payout ratio (DPR) is presently 157.75%.

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.