Nicola Wealth Management LTD. Has $1.63 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Nicola Wealth Management LTD. reduced its position in shares of Invitation Homes Inc. (NYSE:INVH) by 9.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,348 shares of the company’s stock after selling 5,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Invitation Homes were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in shares of Invitation Homes by 496.9% in the 2nd 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 bought a new position in Invitation Homes in the 3rd quarter valued at $40,000. Family Firm Inc. purchased a new position in Invitation Homes in the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Invitation Homes in the second quarter worth about $44,000. Finally, Headlands Technologies LLC purchased a new stake in Invitation Homes in the 2nd quarter worth approximately $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Down 0.5 %

Shares of Invitation Homes stock traded down $0.17 on Thursday, hitting $33.74. 431,594 shares of the company’s stock traded hands, compared to its average volume of 3,373,203. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 47.76, a price-to-earnings-growth ratio of 5.08 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80. The company has a fifty day moving average of $34.44 and a two-hundred day moving average of $35.04.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.32%. Invitation Homes’s payout ratio is currently 157.75%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Scotiabank dropped their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Mizuho decreased their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Evercore ISI increased their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group started coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.80.

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.