Assenagon Asset Management S.A. Raises Position in Invitation Homes Inc. (NYSE:INVH)

Assenagon Asset Management S.A. increased its stake in Invitation Homes Inc. (NYSE:INVH) by 11.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,571 shares of the company’s stock after purchasing an additional 675 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Invitation Homes were worth $232,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. UMB Bank n.a. raised its stake 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 buying an additional 641 shares during the period. Paladin Wealth LLC bought a new stake in Invitation Homes in the 3rd quarter valued at about $40,000. Family Firm Inc. purchased a new stake in Invitation Homes during the second quarter valued at about $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes during the second quarter worth about $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invitation Homes in the second quarter worth about $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Scotiabank dropped their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Mizuho reduced their price target 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 price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.90.

Invitation Homes Trading Down 0.0 %

Shares of INVH stock opened at $31.40 on Monday. The business has a 50-day moving average price of $34.99 and a two-hundred day moving average price of $35.08. Invitation Homes Inc. has a 12-month low of $30.20 and a 12-month 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 firm 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.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.57%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 157.75%.

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.