M&T Bank Corp Trims Stake in Invitation Homes Inc. (NYSE:INVH)

M&T Bank Corp reduced its stake in Invitation Homes Inc. (NYSE:INVH) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,995 shares of the company’s stock after selling 1,927 shares during the period. M&T Bank Corp’s holdings in Invitation Homes were worth $2,398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 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 third quarter worth $40,000. Family Firm Inc. purchased a new position in Invitation Homes during the second quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invitation Homes during the 2nd quarter valued at $44,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Invitation Homes in the 2nd quarter worth about $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

INVH stock opened at $33.07 on Friday. 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 1 year low of $31.01 and a 1 year high of $37.80. The company has a market cap of $20.26 billion, a P/E ratio of 46.58, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03. The stock’s fifty day moving average price is $33.60 and its 200-day moving average price is $34.88.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.51%. Invitation Homes’s payout ratio is currently 157.75%.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research reports. Mizuho dropped 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 note on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada lowered 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. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Finally, Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.