Invitation Homes Inc. (NYSE:INVH) Shares Purchased by KBC Group NV

KBC Group NV grew its position in shares of Invitation Homes Inc. (NYSE:INVH) by 450.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 586,832 shares of the company’s stock after acquiring an additional 480,291 shares during the quarter. KBC Group NV’s holdings in Invitation Homes were worth $20,691,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after acquiring an additional 310 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 343 shares in the last quarter. CWM LLC lifted its holdings in Invitation Homes by 5.1% in the third quarter. CWM LLC now owns 7,285 shares of the company’s stock worth $257,000 after purchasing an additional 351 shares during the period. Appleton Partners Inc. MA grew its position in 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 buying an additional 365 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Invitation Homes by 0.6% during the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock valued at $2,279,000 after buying an additional 369 shares during the period. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of 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 for the company in a research note on Friday, November 1st. Mizuho decreased their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $41.00 in a research note on Wednesday, July 24th. Evercore ISI raised their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average target price of $38.80.

Invitation Homes Trading Up 0.7 %

NYSE INVH opened at $33.79 on Friday. The firm’s 50 day moving average price is $34.32 and its two-hundred day moving average price is $35.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 47.59, a PEG ratio of 5.16 and a beta of 1.02.

Invitation Homes Dividend Announcement

The firm also recently declared 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 of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.31%. Invitation Homes’s dividend payout ratio is 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.