Invitation Homes Inc. (NYSE:INVH) Shares Sold by LDR Capital Management LLC

LDR Capital Management LLC lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 83.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,747 shares of the company's stock after selling 38,779 shares during the period. LDR Capital Management LLC's holdings in Invitation Homes were worth $273,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of INVH. State Board of Administration of Florida Retirement System lifted its stake in shares of Invitation Homes by 5.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company's stock valued at $23,852,000 after purchasing an additional 36,951 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of Invitation Homes by 56.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company's stock worth $6,174,000 after acquiring an additional 62,547 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Invitation Homes by 14.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company's stock worth $37,632,000 after acquiring an additional 131,068 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Invitation Homes in the 1st quarter valued at approximately $2,635,000. Finally, Guidance Capital Inc. purchased a new position in Invitation Homes in the 1st quarter valued at approximately $827,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Up 0.9 %

Shares of NYSE INVH traded up $0.31 during trading on Tuesday, hitting $34.02. 1,659,041 shares of the company traded hands, compared to its average volume of 3,333,715. The firm has a market capitalization of $20.84 billion, a P/E ratio of 39.10, a P/E/G ratio of 4.71 and a beta of 1.01. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $35.41 and a 200-day moving average price of $35.16. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.34). The firm had revenue of $653.45 million for the quarter, compared to analysts' expectations of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. On average, equities analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

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 3.29%. Invitation Homes's dividend payout ratio (DPR) is 128.74%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group upped their target price on Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a report on Friday, August 16th. The Goldman Sachs Group started coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a "buy" rating and a $46.00 target price for the company. Royal Bank of Canada downgraded shares of Invitation Homes from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $37.00 to $36.00 in a report on Monday, September 9th. Keefe, Bruyette & Woods cut their price objective on Invitation Homes from $38.00 to $37.00 and set a "market perform" rating for the company in a research report on Tuesday, July 30th. Finally, Evercore ISI upped their target price on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

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.