Landscape Capital Management L.L.C. Takes $651,000 Position in Invitation Homes Inc. (NYSE:INVH)

Landscape Capital Management L.L.C. acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,456 shares of the company's stock, valued at approximately $651,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board grew its stake in Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock worth $567,597,000 after buying an additional 128,000 shares during the period. Dimensional Fund Advisors LP boosted its position in Invitation Homes by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock worth $315,671,000 after purchasing an additional 170,374 shares during the period. PGGM Investments increased its holdings in Invitation Homes by 4.9% in the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company's stock valued at $176,812,000 after purchasing an additional 232,012 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Invitation Homes by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company's stock valued at $125,330,000 after purchasing an additional 50,881 shares during the period. Finally, Boston Partners lifted its stake in shares of Invitation Homes by 4.3% during the first quarter. Boston Partners now owns 3,218,905 shares of the company's stock worth $114,617,000 after purchasing an additional 132,381 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on INVH shares. Royal Bank of Canada lowered their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. UBS Group lifted their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Bank of America cut shares of Invitation Homes from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Evercore ISI boosted their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. raised their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.80.

Invitation Homes Stock Performance

Shares of Invitation Homes stock traded up $0.06 during trading on Friday, hitting $33.88. 2,127,563 shares of the stock were exchanged, compared to its average volume of 3,741,130. The stock has a market cap of $20.76 billion, a PE ratio of 47.72, a P/E/G ratio of 5.14 and a beta of 1.02. The stock's fifty day moving average is $34.10 and its 200 day moving average is $35.01. Invitation Homes Inc. has a 12 month low of $31.01 and a 12 month high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.31%. Invitation Homes's dividend payout ratio (DPR) is presently 157.75%.

About Invitation Homes

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.