First Trust Direct Indexing L.P. Purchases 1,450 Shares of Invitation Homes Inc. (NYSE:INVH)

First Trust Direct Indexing L.P. lifted its position in Invitation Homes Inc. (NYSE:INVH) by 15.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,680 shares of the company’s stock after acquiring an additional 1,450 shares during the period. First Trust Direct Indexing L.P.’s holdings in Invitation Homes were worth $377,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after acquiring an additional 641 shares during the last quarter. Paladin Wealth LLC purchased a new position in Invitation Homes in the 3rd quarter worth about $40,000. Family Firm Inc. purchased a new position in Invitation Homes in the 2nd quarter worth about $42,000. Ashton Thomas Private Wealth LLC purchased a new position in Invitation Homes in the 2nd quarter worth about $44,000. Finally, Headlands Technologies LLC purchased a new position in Invitation Homes in the 2nd quarter worth about $45,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

INVH opened at $31.40 on Monday. Invitation Homes Inc. has a 52-week low of $30.20 and a 52-week high of $37.80. The company has a quick ratio of 0.20, a current ratio of 0.21 and a debt-to-equity ratio of 0.47. The company has a market cap of $19.24 billion, a P/E ratio of 44.23, a price-to-earnings-growth ratio of 4.45 and a beta of 1.02. The firm’s 50-day moving average price is $34.99 and its 200-day moving average price is $35.08.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.57%. Invitation Homes’s dividend payout ratio (DPR) is currently 157.75%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on INVH shares. Evercore ISI raised their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. UBS Group raised their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.90.

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.