Van ECK Associates Corp Purchases 712 Shares of Invitation Homes Inc. (NYSE:INVH)

Van ECK Associates Corp increased its position in Invitation Homes Inc. (NYSE:INVH) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,530 shares of the company’s stock after buying an additional 712 shares during the quarter. Van ECK Associates Corp’s holdings in Invitation Homes were worth $8,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. lifted its position in Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after buying an additional 1,232 shares during the last quarter. Brooklyn Investment Group bought a new stake in Invitation Homes in the 3rd quarter worth approximately $49,000. Huntington National Bank lifted its position in Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after buying an additional 699 shares during the last quarter. Intact Investment Management Inc. bought a new stake in Invitation Homes in the 3rd quarter worth approximately $74,000. Finally, Centaurus Financial Inc. purchased a new position in Invitation Homes in the 3rd quarter worth approximately $107,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH stock opened at $31.44 on Monday. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 4.62 and a beta of 1.04. The business’s fifty day moving average is $31.63 and its 200 day moving average is $33.64. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.69%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. Invitation Homes’s dividend payout ratio is presently 163.38%.

Analyst Ratings Changes

A number of equities analysts have commented on INVH shares. Barclays decreased their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their price target on 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. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Royal Bank of Canada decreased their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.47.

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.