Sanctuary Advisors LLC Boosts Stake in Invitation Homes Inc. (NYSE:INVH)

Sanctuary Advisors LLC lifted its position in Invitation Homes Inc. (NYSE:INVH) by 146.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,213 shares of the company’s stock after purchasing an additional 8,451 shares during the quarter. Sanctuary Advisors LLC’s holdings in Invitation Homes were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted 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 valued at $28,000 after acquiring an additional 641 shares during the period. Paladin Wealth LLC acquired a new stake in Invitation Homes during the 3rd quarter worth $40,000. Ashton Thomas Private Wealth LLC purchased a new position in Invitation Homes during the 2nd quarter worth $44,000. Headlands Technologies LLC acquired a new position in Invitation Homes in the second quarter valued at $45,000. Finally, Assetmark Inc. raised its holdings in shares of Invitation Homes by 1,664.9% in the third 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. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

INVH has been the topic of several recent research reports. Royal Bank of Canada dropped their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and cut their price target for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Mizuho lowered their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Scotiabank cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group assumed coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average target price of $38.70.

Invitation Homes Trading Up 1.2 %

Shares of Invitation Homes stock opened at $32.62 on Thursday. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50 day moving average price of $33.42 and a 200 day moving average price of $34.77. The company has a market capitalization of $19.98 billion, a P/E ratio of 45.94, a P/E/G ratio of 5.06 and a beta of 1.03.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be given a $0.29 dividend. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, December 26th. Invitation Homes’s dividend payout ratio is currently 163.38%.

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.