Invitation Homes Inc. (NYSE:INVH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 296,349 shares of the company’s stock after selling 1,588 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Invitation Homes were worth $10,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INVH. UMB Bank n.a. raised its stake in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after purchasing an additional 641 shares during the period. Paladin Wealth LLC acquired a new stake in Invitation Homes during the 3rd quarter valued at $40,000. Family Firm Inc. purchased a new stake in Invitation Homes during the 2nd quarter worth $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in Invitation Homes during the 2nd quarter worth $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes in the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INVH. Mizuho dropped their target price 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. Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and reduced their target price for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. raised their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, UBS Group upped their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Stock Down 1.0 %

NYSE:INVH opened at $34.25 on Monday. 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 stock has a 50 day moving average of $33.91 and a 200-day moving average of $34.98. The firm has a market capitalization of $20.98 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 5.21 and a beta of 1.02. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80.

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 given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.27%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio is presently 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.