Tidal Investments LLC Purchases 6,419 Shares of Invitation Homes Inc. (NYSE:INVH)

Tidal Investments LLC lifted its position in shares of Invitation Homes Inc. (NYSE:INVH) by 39.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,878 shares of the company’s stock after purchasing an additional 6,419 shares during the period. Tidal Investments LLC’s holdings in Invitation Homes were worth $807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in Invitation Homes by 92.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,133 shares of the company’s stock valued at $435,000 after buying an additional 5,813 shares during the period. Assenagon Asset Management S.A. bought a new stake in Invitation Homes in the 2nd quarter valued at $212,000. Blue Trust Inc. lifted its holdings in Invitation Homes by 644.7% during the 2nd quarter. Blue Trust Inc. now owns 1,549 shares of the company’s stock valued at $55,000 after purchasing an additional 1,341 shares during the last quarter. Raymond James & Associates boosted its position in Invitation Homes by 6.0% during the second quarter. Raymond James & Associates now owns 195,593 shares of the company’s stock worth $7,020,000 after purchasing an additional 11,123 shares during the period. Finally, Family Firm Inc. acquired a new position in shares of Invitation Homes in the second quarter valued at $42,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

Shares of NYSE:INVH opened at $32.14 on Friday. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50 day simple moving average is $33.46 and its 200 day simple moving average is $34.81.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be paid a $0.29 dividend. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.61%. Invitation Homes’s dividend payout ratio (DPR) is presently 163.38%.

Analyst Ratings Changes

INVH has been the subject of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Evercore ISI boosted their price objective on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. upped their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Mizuho dropped their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and an average price target of $38.70.

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.