Waterfront Capital Partners LLC Buys Shares of 306,726 Invitation Homes Inc. (NYSE:INVH)

Waterfront Capital Partners LLC purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 306,726 shares of the company's stock, valued at approximately $10,815,000. Invitation Homes makes up approximately 1.5% of Waterfront Capital Partners LLC's portfolio, making the stock its 23rd largest position. Waterfront Capital Partners LLC owned approximately 0.05% of Invitation Homes at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HGI Capital Management LLC lifted its holdings in Invitation Homes by 3.7% in the 3rd quarter. HGI Capital Management LLC now owns 102,914 shares of the company's stock worth $3,629,000 after buying an additional 3,662 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company's stock worth $194,621,000 after acquiring an additional 4,883,564 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Invitation Homes by 25.8% in the third quarter. Public Sector Pension Investment Board now owns 99,258 shares of the company's stock worth $3,500,000 after acquiring an additional 20,362 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Invitation Homes by 144.5% in the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company's stock valued at $36,225,000 after purchasing an additional 607,163 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Invitation Homes during the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on INVH. Evercore ISI increased 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. Royal Bank of Canada decreased 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 report on Friday, November 1st. Mizuho cut their target price on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Scotiabank reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $37.00 to $38.00 in a report on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.80.

Invitation Homes Stock Performance

NYSE:INVH traded down $0.31 during mid-day trading on Friday, hitting $34.30. The stock had a trading volume of 2,162,210 shares, compared to its average volume of 3,369,264. 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 50 day simple moving average of $33.91 and a 200-day simple moving average of $34.99. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 48.31, a P/E/G ratio of 5.26 and a beta of 1.02. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued 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 dividend yield of 3.27%. Invitation Homes's dividend payout ratio (DPR) is presently 157.75%.

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.