Headlands Technologies LLC Makes New $45,000 Investment in Invitation Homes Inc. (NYSE:INVH)

Headlands Technologies LLC purchased a new stake in Invitation Homes Inc. (NYSE:INVH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,267 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its position in Invitation Homes by 153.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 119,461 shares of the company’s stock valued at $4,075,000 after buying an additional 72,243 shares during the last quarter. Kentucky Retirement Systems lifted its position in shares of Invitation Homes by 2.4% in the fourth quarter. Kentucky Retirement Systems now owns 46,025 shares of the company’s stock worth $1,570,000 after purchasing an additional 1,086 shares in the last quarter. Quest Partners LLC acquired a new position in Invitation Homes during the fourth quarter worth $191,000. Ontario Teachers Pension Plan Board acquired a new position in Invitation Homes during the fourth quarter worth $1,736,000. Finally, 1620 Investment Advisors Inc. grew its position in Invitation Homes by 8.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 17,639 shares of the company’s stock valued at $602,000 after purchasing an additional 1,399 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Trading Down 1.8 %

INVH opened at $36.11 on Wednesday. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 4.50 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. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80. The company has a 50-day simple moving average of $35.79 and a 200 day simple moving average of $35.21.

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

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.10%. Invitation Homes’s dividend payout ratio is currently 128.74%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INVH. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Royal Bank of Canada downgraded shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Scotiabank decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Mizuho dropped their target price on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Finally, Barclays reduced their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

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.