Invitation Homes Inc. (NYSE:INVH) Stock Holdings Lifted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in shares of Invitation Homes Inc. (NYSE:INVH) by 323.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,219 shares of the company’s stock after purchasing an additional 23,847 shares during the period. Los Angeles Capital Management LLC’s holdings in Invitation Homes were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in INVH. Canada Pension Plan Investment Board raised its position in Invitation Homes by 27.2% during the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock valued at $558,611,000 after acquiring an additional 3,351,424 shares in the last quarter. Swedbank AB acquired a new stake in shares of Invitation Homes in the 1st quarter valued at $16,368,000. National Bank of Canada FI lifted its stake in shares of Invitation Homes by 321.5% in the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock valued at $19,686,000 after purchasing an additional 431,735 shares during the last quarter. Centersquare Investment Management LLC increased its position in Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after buying an additional 384,564 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Invitation Homes during the second quarter valued at about $13,123,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Down 1.1 %

Shares of INVH opened at $33.55 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.55 billion, a PE ratio of 47.24, a PEG ratio of 5.08 and a beta of 1.02. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The stock has a 50 day simple moving average of $34.44 and a 200-day simple moving average of $35.04.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. Invitation Homes’s payout ratio is presently 157.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho lowered their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group started coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Evercore ISI upped their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada dropped their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average 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.