Nicola Wealth Management LTD. Trims Stock Position in Invitation Homes Inc. (NYSE:INVH)

Nicola Wealth Management LTD. decreased its holdings in Invitation Homes Inc. (NYSE:INVH) by 9.7% in the third quarter, Holdings Channel reports. The firm owned 46,348 shares of the company’s stock after selling 5,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Invitation Homes were worth $1,634,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Invitation Homes by 496.9% during 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 last quarter. Paladin Wealth LLC acquired a new position in Invitation Homes during the third quarter worth approximately $40,000. Family Firm Inc. purchased a new stake in Invitation Homes during the 2nd quarter worth $42,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Invitation Homes in the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC bought a new position in Invitation Homes in the second quarter worth about $45,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

Shares of INVH traded down $0.17 during mid-day trading on Thursday, hitting $33.74. The stock had a trading volume of 431,594 shares, compared to its average volume of 3,373,203. 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 company’s fifty day simple moving average is $34.44 and its two-hundred day simple moving average is $35.04. The company has a market cap of $20.67 billion, a PE ratio of 47.76, a PEG ratio of 5.08 and a beta of 1.02. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is 157.75%.

Analysts Set New Price Targets

Several brokerages have issued reports on INVH. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. The Goldman Sachs Group started coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price on the stock. Evercore ISI raised their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada dropped their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.80.

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.