Shares of Invitation Homes Inc (NYSE:INVH) saw an uptick in trading volume on Friday . 6,819,409 shares changed hands during mid-day trading, an increase of 199% from the previous session’s volume of 2,283,896 shares.The stock last traded at $23.94 and had previously closed at $23.65.

Several research firms have recently issued reports on INVH. Morgan Stanley lowered their target price on shares of Invitation Homes from $27.00 to $24.50 and set an “overweight” rating for the company in a report on Thursday, June 14th. TheStreet lowered shares of Invitation Homes from a “c-” rating to a “d+” rating in a report on Wednesday, June 13th. Zacks Investment Research lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. Finally, Raymond James raised their target price on shares of Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 21st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $25.77.

The company has a market capitalization of $12.46 billion, a P/E ratio of 92.08, a PEG ratio of 3.55 and a beta of -0.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.75 and a current ratio of 0.75.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $432.00 million for the quarter, compared to the consensus estimate of $431.24 million. Invitation Homes had a negative net margin of 6.99% and a negative return on equity of 0.98%. The firm’s revenue was up 78.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. analysts predict that Invitation Homes Inc will post 1.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Thursday, August 16th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.84%. The ex-dividend date was Wednesday, August 15th. Invitation Homes’s dividend payout ratio is presently 169.23%.

In related news, Director Barry S. Sternlicht sold 1,309,849 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $23.55, for a total value of $30,846,943.95. Following the transaction, the director now owns 5,482 shares of the company’s stock, valued at approximately $129,101.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bristol John W & Co. Inc. NY purchased a new position in Invitation Homes during the 1st quarter valued at about $112,000. PNC Financial Services Group Inc. increased its position in Invitation Homes by 115.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,980 shares of the company’s stock valued at $160,000 after purchasing an additional 3,740 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Invitation Homes in the 2nd quarter worth approximately $175,000. Engineers Gate Manager LP purchased a new position in shares of Invitation Homes in the 2nd quarter worth approximately $205,000. Finally, IBM Retirement Fund purchased a new position in shares of Invitation Homes in the 1st quarter worth approximately $249,000.

About Invitation Homes (NYSE:INVH)

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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