Rhumbline Advisers recently reduced its stake in Invitation Home (INVH) by 4.0%, selling 48,294 shares, though it still holds over 1.1 million shares valued at approximately $34.29 million. Invitation Homes increased its quarterly dividend to $0.30 per share, resulting in a 4.5% yield, despite a high payout ratio of 126.32%. The stock is currently trading around $26.97 with a market cap of $16.53 billion, and analysts have a “Moderate Buy” consensus rating with an average price target of $34.70.
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Rhumbline Advisers Sells 48,294 Shares of Invitation Home $INVH
Rhumbline Advisers recently reduced its stake in Invitation Home (INVH) by 4.0%, selling 48,294 shares, though it still holds over 1.1 million shares valued at approximately $34.29 million. Invitation Homes increased its quarterly dividend to $0.30 per share, resulting in a 4.5% yield, despite a high payout ratio of 126.32%. The stock is currently trading around $26.97 with a market cap of $16.53 billion, and analysts have a “Moderate Buy” consensus rating with an average price target of $34.70.