Citigroup Inc. Purchases 460,128 Shares of Invitation Homes Inc. (NYSE:INVH)

Citigroup Inc. raised its position in shares of Invitation Homes Inc. (NYSE:INVH) by 63.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,183,552 shares of the company’s stock after purchasing an additional 460,128 shares during the period. Citigroup Inc.’s holdings in Invitation Homes were worth $41,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased 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 valued at $28,000 after acquiring an additional 641 shares during the period. Paladin Wealth LLC purchased a new position in shares of Invitation Homes in the 3rd quarter valued at $40,000. Family Firm Inc. purchased a new position in shares of Invitation Homes in the 2nd quarter valued at $42,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invitation Homes in the 2nd quarter valued at $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invitation Homes in the 2nd quarter valued at $45,000. 96.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on INVH shares. UBS Group lifted their price target on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group started coverage on Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. 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 note on Tuesday, September 10th. Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. boosted their target price on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Stock Up 0.2 %

NYSE:INVH opened at $33.88 on Monday. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02. 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. The stock’s fifty day moving average is $34.10 and its two-hundred day moving average is $35.01.

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 paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s 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.