Kentucky Retirement Systems Sells 3,700 Shares of Invitation Homes Inc. (NYSE:INVH)

Kentucky Retirement Systems reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,689 shares of the company’s stock after selling 3,700 shares during the period. Kentucky Retirement Systems’ holdings in Invitation Homes were worth $1,399,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after buying an additional 641 shares during the period. Paladin Wealth LLC bought a new position in Invitation Homes during the 3rd quarter worth approximately $40,000. Family Firm Inc. purchased a new position in Invitation Homes in the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes in the second quarter valued at approximately $44,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Invitation Homes during the second quarter valued at approximately $45,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Bank of America lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Evercore ISI increased their target price 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. UBS Group boosted their price target on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. 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 research note on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.80.

Invitation Homes Stock Up 1.1 %

Shares of NYSE:INVH opened at $34.15 on Tuesday. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 5.14 and a beta of 1.02. The stock has a fifty day simple moving average of $34.32 and a two-hundred day simple moving average of $35.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s payout ratio 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.