Invitation Homes (NYSE:INVH) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes (NYSE:INVH) from a buy rating to a hold rating in a research note published on Tuesday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has $33.00 price objective on the stock, down from their previous price objective of $41.00.

INVH has been the topic of several other reports. Mizuho cut their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays assumed coverage on Invitation Homes in a research note on Tuesday, December 17th. They set an “overweight” rating and a $38.00 target price for the company. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.75.

Invitation Homes Stock Down 0.9 %

Shares of INVH opened at $30.46 on Tuesday. The firm has a fifty day moving average price of $32.55 and a 200-day moving average price of $34.15. 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 firm has a market capitalization of $18.66 billion, a P/E ratio of 42.91, a P/E/G ratio of 4.57 and a beta of 1.04. Invitation Homes has a 12-month low of $30.13 and a 12-month high of $37.80.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.81%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is currently 163.38%.

Hedge Funds Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC lifted its holdings in Invitation Homes by 30.2% in the 2nd quarter. Intech Investment Management LLC now owns 28,393 shares of the company’s stock valued at $1,019,000 after acquiring an additional 6,581 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Invitation Homes by 16.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,558 shares of the company’s stock worth $128,000 after purchasing an additional 494 shares in the last quarter. Pacer Advisors Inc. raised its stake in Invitation Homes by 4.7% during the 2nd quarter. Pacer Advisors Inc. now owns 40,784 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,841 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Invitation Homes by 4.3% in the second quarter. ProShare Advisors LLC now owns 140,916 shares of the company’s stock valued at $5,057,000 after purchasing an additional 5,823 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Invitation Homes by 17.9% in the second quarter. Public Sector Pension Investment Board now owns 78,896 shares of the company’s stock worth $2,832,000 after buying an additional 11,966 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

About Invitation Homes

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.