1620 Investment Advisors Inc. Has $661,000 Holdings in Invitation Homes Inc. (NYSE:INVH)

1620 Investment Advisors Inc. increased its holdings in Invitation Homes Inc. (NYSE:INVH) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,734 shares of the company’s stock after purchasing an additional 395 shares during the period. 1620 Investment Advisors Inc.’s holdings in Invitation Homes were worth $661,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INVH. Norden Group LLC acquired a new stake in shares of Invitation Homes in the 1st quarter valued at $424,000. First Trust Direct Indexing L.P. acquired a new position in shares of Invitation Homes in the 1st quarter valued at approximately $235,000. Commonwealth Equity Services LLC increased its position in shares of Invitation Homes by 128.3% during the first quarter. Commonwealth Equity Services LLC now owns 17,421 shares of the company’s stock worth $620,000 after acquiring an additional 9,790 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Invitation Homes in the first quarter valued at about $26,000. Finally, BNP Paribas Financial Markets boosted its position in Invitation Homes by 109.3% during the 1st quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock worth $40,644,000 after acquiring an additional 595,988 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on INVH. Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Tuesday, July 30th. 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 price target on the stock. Mizuho lowered their price objective 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. 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 report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Invitation Homes Stock Up 0.1 %

NYSE:INVH opened at $33.25 on Thursday. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 4.82 and a beta of 1.01. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $29.23 and a twelve month high of $37.80. The stock has a fifty day simple moving average of $35.23 and a 200-day simple moving average of $35.12.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.37%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

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.