UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $194.62 Million Stake in Invitation Homes Inc. (NYSE:INVH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Invitation Homes Inc. (NYSE:INVH) by 767.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,519,603 shares of the company’s stock after purchasing an additional 4,883,564 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Invitation Homes were worth $194,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Public Sector Pension Investment Board boosted its position in shares of Invitation Homes by 25.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 99,258 shares of the company’s stock valued at $3,500,000 after acquiring an additional 20,362 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Invitation Homes by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock worth $36,225,000 after purchasing an additional 607,163 shares during the period. Brooklyn Investment Group acquired a new stake in Invitation Homes during the third quarter valued at approximately $49,000. Quantbot Technologies LP bought a new stake in shares of Invitation Homes in the 3rd quarter valued at approximately $1,169,000. Finally, FMR LLC raised its holdings in shares of Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after buying an additional 753,464 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.0 %

NYSE:INVH opened at $34.25 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. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. The stock’s fifty day simple moving average is $33.91 and its 200-day simple moving average is $34.99. The firm has a market capitalization of $20.98 billion, a P/E ratio of 48.24, a P/E/G ratio of 5.26 and a beta of 1.02.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is currently 157.75%.

Analyst Ratings Changes

Several brokerages recently commented on INVH. Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Keefe, Bruyette & Woods reduced their target price on shares of 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. 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 for the company in a research report on Friday, November 1st. UBS Group boosted their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.80.

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.