Montecito Bank & Trust Sells 1,100 Shares of Invitation Homes Inc. (NYSE:INVH)

Montecito Bank & Trust reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,609 shares of the company’s stock after selling 1,100 shares during the period. Montecito Bank & Trust’s holdings in Invitation Homes were worth $339,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in INVH. Orion Portfolio Solutions LLC bought a new stake in shares of Invitation Homes during the 3rd quarter valued at about $263,000. Swedbank AB lifted its stake in Invitation Homes by 25.1% in the third quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after buying an additional 115,211 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Invitation Homes during the 3rd quarter worth approximately $3,825,000. Bank of Montreal Can grew its position in shares of Invitation Homes by 18.0% during the 2nd quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock worth $19,566,000 after buying an additional 83,142 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after acquiring an additional 61,973 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INVH. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $35.00 in a research note on Friday. Barclays cut their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $41.00 to $33.00 in a research report on Tuesday. Keefe, Bruyette & Woods cut their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Stock Up 0.1 %

INVH stock opened at $30.54 on Friday. The stock has a market cap of $18.71 billion, a P/E ratio of 43.02, a P/E/G ratio of 4.51 and a beta of 1.04. 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’s fifty day simple moving average is $32.42 and its two-hundred day simple moving average is $34.09. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.80%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is presently 163.38%.

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.