Metis Global Partners LLC Raises Position in Invitation Homes Inc. (NYSE:INVH)

Metis Global Partners LLC boosted its position in shares of Invitation Homes Inc. (NYSE:INVH) by 20.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 77,499 shares of the company’s stock after buying an additional 13,269 shares during the period. Metis Global Partners LLC’s holdings in Invitation Homes were worth $2,733,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in INVH. Janney Montgomery Scott LLC lifted its stake in shares of Invitation Homes by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,110 shares of the company’s stock worth $324,000 after buying an additional 804 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Invitation Homes by 22.8% during the 1st quarter. Empowered Funds LLC now owns 7,390 shares of the company’s stock worth $263,000 after purchasing an additional 1,373 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Invitation Homes by 5.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock valued at $23,852,000 after purchasing an additional 36,951 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock valued at $292,485,000 after purchasing an additional 384,564 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Invitation Homes by 114.9% during the first quarter. Intech Investment Management LLC now owns 21,812 shares of the company’s stock worth $777,000 after buying an additional 11,660 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.1 %

Shares of NYSE:INVH opened at $33.55 on Friday. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The firm’s 50 day moving average price is $34.44 and its 200 day moving average price is $35.04. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 5.16 and a beta of 1.02.

Invitation Homes Announces Dividend

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 $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. Invitation Homes’s payout ratio is 157.75%.

Analysts Set New Price Targets

INVH has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Scotiabank decreased their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Evercore ISI raised their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.80.

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.