Czech National Bank Grows Stake in Invitation Homes Inc. (NYSE:INVH)

Czech National Bank increased its stake in Invitation Homes Inc. (NYSE:INVH) by 6.4% in the 4th quarter, HoldingsChannel reports. The fund owned 123,528 shares of the company’s stock after acquiring an additional 7,472 shares during the period. Czech National Bank’s holdings in Invitation Homes were worth $3,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paladin Wealth LLC purchased a new position in Invitation Homes in the third quarter worth about $40,000. Headlands Technologies LLC purchased a new position in shares of Invitation Homes during the second quarter valued at approximately $45,000. Assetmark Inc. boosted its position in shares of Invitation Homes by 1,664.9% during 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 period. Brooklyn Investment Group purchased a new position in shares of Invitation Homes during the third quarter valued at approximately $49,000. Finally, Huntington National Bank boosted its position in shares of Invitation Homes by 53.2% during the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after buying an additional 699 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on INVH shares. Mizuho dropped their target price 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. Royal Bank of Canada dropped their target price 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. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Barclays assumed coverage on Invitation Homes in a research report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 target price for the company. Nine 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 stock presently has a consensus rating of “Hold” and an average target price of $38.29.

Invitation Homes Stock Performance

Shares of NYSE:INVH opened at $30.54 on Thursday. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 43.01, a price-to-earnings-growth ratio of 5.03 and a beta of 1.04. Invitation Homes Inc. has a 52 week low of $30.13 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 firm has a 50 day moving average of $32.80 and a 200 day moving average of $34.32.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be paid a $0.29 dividend. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.80%. Invitation Homes’s payout ratio is 163.38%.

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.