GAMMA Investing LLC Sells 1,538 Shares of Invitation Homes Inc. (NYSE:INVH)

GAMMA Investing LLC lessened its position in shares of Invitation Homes Inc. (NYSE:INVH) by 27.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,062 shares of the company’s stock after selling 1,538 shares during the quarter. GAMMA Investing LLC’s holdings in Invitation Homes were worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after buying an additional 1,089,281 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after buying an additional 997,353 shares during the period. National Bank of Canada FI grew its stake in Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after buying an additional 780,760 shares in the last quarter. Finally, FMR LLC raised its holdings in Invitation Homes by 4.2% during 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 period. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.0 %

INVH opened at $30.66 on Friday. The business’s fifty day simple moving average is $32.94 and its 200 day simple moving average is $34.49. Invitation Homes Inc. has a 52 week low of $30.37 and a 52 week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $18.78 billion, a PE ratio of 43.18, a P/E/G ratio of 5.03 and a beta of 1.04.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.78%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is currently 163.38%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and cut their target price for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Mizuho decreased their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Evercore ISI upped their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.29.

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.