Invitation Homes Inc. (NYSE:INVH) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in Invitation Homes Inc. (NYSE:INVH) by 144.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,027,366 shares of the company’s stock after buying an additional 607,163 shares during the period. BNP Paribas Financial Markets owned about 0.17% of Invitation Homes worth $36,225,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of INVH. Daiwa Securities Group Inc. increased its position in Invitation Homes by 9.3% in the third 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. FMR LLC grew its position in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares during the last quarter. KBC Group NV increased its holdings in shares of Invitation Homes by 450.8% in the 3rd quarter. KBC Group NV now owns 586,832 shares of the company’s stock worth $20,691,000 after acquiring an additional 480,291 shares during the period. Citigroup Inc. lifted its position in Invitation Homes by 63.6% in the 3rd quarter. Citigroup Inc. now owns 1,183,552 shares of the company’s stock valued at $41,732,000 after purchasing an additional 460,128 shares during the last quarter. Finally, Swedbank AB acquired a new position in Invitation Homes during the 1st quarter valued at about $16,368,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

INVH opened at $34.61 on Friday. 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 market cap of $21.20 billion, a PE ratio of 48.75, a P/E/G ratio of 5.15 and a beta of 1.02. The business has a fifty day simple moving average of $33.97 and a 200-day simple moving average of $34.99. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.24%. Invitation Homes’s dividend payout ratio is currently 157.75%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $37.00 to $38.00 in a report on Monday, August 26th. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. raised their price target on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. UBS Group upped their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group began coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

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.