Connor Clark & Lunn Investment Management Ltd. Takes Position in Invitation Homes Inc. (NYSE:INVH)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 108,466 shares of the company’s stock, valued at approximately $3,825,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in Invitation Homes by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after purchasing an additional 310 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after buying an additional 343 shares in the last quarter. CWM LLC lifted its position in Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock worth $257,000 after buying an additional 351 shares during the last quarter. Appleton Partners Inc. MA boosted its stake in Invitation Homes by 0.9% in the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock worth $1,431,000 after buying an additional 365 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Invitation Homes by 0.6% in the third quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock worth $2,279,000 after buying an additional 369 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INVH has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Scotiabank lowered their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. UBS Group boosted their target price on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Mizuho reduced their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.80.

Invitation Homes Trading Up 0.2 %

NYSE:INVH opened at $33.88 on Friday. Invitation Homes Inc. has a 12 month low of $31.01 and a 12 month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $34.10 and a 200-day moving average price of $35.01. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of 47.72, a P/E/G ratio of 5.14 and a beta of 1.02.

Invitation Homes Dividend Announcement

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

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.