Cerity Partners LLC Purchases 6,685 Shares of Invitation Homes Inc. (NYSE:INVH)

Cerity Partners LLC grew its position in shares of Invitation Homes Inc. (NYSE:INVH) by 43.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,029 shares of the company’s stock after buying an additional 6,685 shares during the period. Cerity Partners LLC’s holdings in Invitation Homes were worth $777,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INVH. KBC Group NV boosted its holdings in Invitation Homes by 450.8% during the 3rd quarter. KBC Group NV now owns 586,832 shares of the company’s stock worth $20,691,000 after acquiring an additional 480,291 shares during the last quarter. Citigroup Inc. grew its stake in Invitation Homes by 63.6% in the 3rd quarter. Citigroup Inc. now owns 1,183,552 shares of the company’s stock valued at $41,732,000 after buying an additional 460,128 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Invitation Homes in the 2nd quarter worth about $13,123,000. Panagora Asset Management Inc. grew its holdings in Invitation Homes by 4,524.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 300,795 shares of the company’s stock valued at $10,796,000 after buying an additional 294,290 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Invitation Homes by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock worth $231,562,000 after purchasing an additional 248,701 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $33.58 on Friday. The company has a market capitalization of $20.57 billion, a PE ratio of 47.30, a PEG ratio of 5.11 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The business has a fifty day moving average price of $33.76 and a 200-day moving average price of $34.94.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s payout ratio is 157.75%.

Analyst Ratings Changes

A number of equities analysts have weighed in on INVH shares. UBS Group upped their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Mizuho cut their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Evercore ISI raised their price objective 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, The Goldman Sachs Group started coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective for the company. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.80.

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.