MQS Management LLC Acquires Shares of 18,436 Invitation Homes Inc. (NYSE:INVH)

MQS Management LLC purchased a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,436 shares of the company's stock, valued at approximately $650,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INVH. Aigen Investment Management LP increased its stake in shares of Invitation Homes by 312.2% during the third quarter. Aigen Investment Management LP now owns 23,357 shares of the company's stock worth $824,000 after acquiring an additional 17,690 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Invitation Homes by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company's stock worth $125,330,000 after purchasing an additional 50,881 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Invitation Homes by 323.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,219 shares of the company's stock worth $1,101,000 after buying an additional 23,847 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Invitation Homes by 0.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 671,085 shares of the company's stock valued at $23,662,000 after buying an additional 2,833 shares during the period. Finally, Atria Investments Inc boosted its stake in shares of Invitation Homes by 4.4% in the third quarter. Atria Investments Inc now owns 25,859 shares of the company's stock valued at $912,000 after buying an additional 1,094 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 1.4 %

Shares of INVH stock traded up $0.48 on Wednesday, reaching $33.91. 3,205,105 shares of the stock were exchanged, compared to its average volume of 3,386,574. 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 cap of $20.77 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 5.08 and a beta of 1.02. The firm has a 50 day moving average of $34.51 and a two-hundred day moving average of $35.05. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80.

Invitation Homes Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.30%. Invitation Homes's dividend payout ratio (DPR) is 157.75%.

Analyst Ratings Changes

Several research firms have issued reports on INVH. UBS Group increased their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Bank of America cut shares of Invitation Homes from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Wells Fargo & Company lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. The Goldman Sachs Group began coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a "buy" rating and a $46.00 price target for the company. Finally, Evercore ISI upped their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $38.80.

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.