Invitation Homes Inc. (NYSE:INVH) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its position in shares of Invitation Homes Inc. (NYSE:INVH) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,727 shares of the company’s stock after selling 1,210 shares during the quarter. Fifth Third Bancorp’s holdings in Invitation Homes were worth $1,238,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after buying an additional 298,307 shares in the last quarter. FMR LLC grew its stake in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after acquiring an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after acquiring an additional 997,353 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Invitation Homes by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock worth $231,562,000 after acquiring an additional 248,701 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INVH has been the subject of several research reports. Royal Bank of Canada cut their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Keefe, Bruyette & Woods cut their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Mizuho dropped their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, Barclays reduced their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.47.

Invitation Homes Stock Up 0.2 %

Shares of Invitation Homes stock opened at $31.11 on Wednesday. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The company has a market capitalization of $19.06 billion, a PE ratio of 43.81, a P/E/G ratio of 4.51 and a beta of 1.04. 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 of $32.30 and a 200-day moving average of $34.00.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

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.