Invitation Homes Inc. (NYSE:INVH) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its position in shares of Invitation Homes Inc. (NYSE:INVH) by 14.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,766 shares of the company’s stock after selling 9,396 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Invitation Homes were worth $1,966,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in Invitation Homes by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,110 shares of the company’s stock valued at $324,000 after buying an additional 804 shares during the period. Empowered Funds LLC raised its stake in shares of Invitation Homes by 22.8% in the 1st quarter. Empowered Funds LLC now owns 7,390 shares of the company’s stock valued at $263,000 after acquiring an additional 1,373 shares during the period. Intech Investment Management LLC raised its stake in shares of Invitation Homes by 114.9% in the 1st quarter. Intech Investment Management LLC now owns 21,812 shares of the company’s stock valued at $777,000 after acquiring an additional 11,660 shares during the period. Edgestream Partners L.P. boosted its position in Invitation Homes by 497.8% during the 1st quarter. Edgestream Partners L.P. now owns 94,451 shares of the company’s stock worth $3,363,000 after purchasing an additional 78,652 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in Invitation Homes by 10.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,612 shares of the company’s stock valued at $1,233,000 after purchasing an additional 3,295 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on INVH shares. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group assumed coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target for the company. Royal Bank of Canada dropped their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. UBS Group upped their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted 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. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Trading Up 0.7 %

Shares of NYSE INVH opened at $33.79 on Friday. The stock has a market capitalization of $20.70 billion, a P/E ratio of 47.59, a PEG ratio of 5.16 and a beta of 1.02. The stock’s 50 day moving average price is $34.32 and its two-hundred day moving average price is $35.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 157.75%.

Invitation Homes 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.