Invitation Homes Inc. (NYSE:INVH) Shares Bought by HGI Capital Management LLC

HGI Capital Management LLC raised its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 97.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 203,391 shares of the company's stock after acquiring an additional 100,477 shares during the period. Invitation Homes comprises 6.7% of HGI Capital Management LLC's portfolio, making the stock its 3rd biggest position. HGI Capital Management LLC's holdings in Invitation Homes were worth $6,502,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Invitation Homes in the 4th quarter valued at about $1,646,794,000. JPMorgan Chase & Co. increased its holdings in shares of Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after acquiring an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after purchasing an additional 3,870,432 shares during the last quarter. Cohen & Steers Inc. boosted its position in Invitation Homes by 1.7% during the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after purchasing an additional 1,019,377 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Invitation Homes by 1,394.8% in the fourth quarter. Renaissance Technologies LLC now owns 763,583 shares of the company's stock valued at $24,412,000 after purchasing an additional 712,500 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of INVH stock traded down $0.06 on Wednesday, reaching $33.99. The company had a trading volume of 1,579,487 shares, compared to its average volume of 3,348,415. The business's 50-day moving average is $33.15 and its 200 day moving average is $32.78. Invitation Homes Inc. has a one year low of $29.37 and a one year high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $20.83 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The firm had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Invitation Homes's dividend payout ratio (DPR) is presently 158.90%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James cut their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays reissued an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $37.38.

Invitation Homes 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.