Invitation Homes (NYSE:INVH) Sees Unusually-High Trading Volume – Time to Buy?

Invitation Homes Inc. (NYSE:INVH) shares saw unusually-high trading volume on Thursday . Approximately 2,420,630 shares were traded during trading, a decline of 19% from the previous session’s volume of 2,972,935 shares.The stock last traded at $30.56 and had previously closed at $30.50.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Mizuho cut their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Barclays started coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price objective for the company. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.29.

Invitation Homes Price Performance

The company has a market cap of $19.18 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The business’s 50 day moving average price is $32.71 and its 200-day moving average price is $34.27. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.71%. Invitation Homes’s payout ratio is 163.38%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Paladin Wealth LLC acquired a new stake in Invitation Homes during the 3rd quarter valued at approximately $40,000. Assetmark Inc. boosted its stake in shares of Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 1,232 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Invitation Homes during the third quarter worth approximately $49,000. Huntington National Bank increased its stake in shares of Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after buying an additional 699 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Invitation Homes in the third quarter valued at $74,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Invitation Homes

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.