Los Angeles Capital Management LLC Acquires 23,847 Shares of Invitation Homes Inc. (NYSE:INVH)

Los Angeles Capital Management LLC increased its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 323.5% during the third quarter, according to the company in its most recent 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 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INVH. UMB Bank n.a. raised its stake in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company's stock worth $28,000 after purchasing an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new position in Invitation Homes during the 3rd quarter valued at about $40,000. Family Firm Inc. purchased a new stake in shares of Invitation Homes during the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invitation Homes in the second quarter worth approximately $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invitation Homes during the second quarter valued at approximately $45,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on INVH shares. Bank of America downgraded shares of Invitation Homes from a "buy" rating to a "neutral" rating and cut their target price for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. UBS Group raised their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a "hold" rating to a "buy" rating and boosted their target price for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods dropped their price target on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their price objective on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, November 1st. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

Invitation Homes Price Performance

INVH traded up $0.17 during trading on Friday, hitting $33.71. 1,506,403 shares of the company traded hands, compared to its average volume of 3,375,637. 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 company has a market cap of $20.65 billion, a PE ratio of 47.44, a P/E/G ratio of 5.16 and a beta of 1.02. The stock's 50-day simple moving average is $34.44 and its two-hundred day simple moving average is $35.04. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.32%. Invitation Homes's dividend payout ratio (DPR) is 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.