Land & Buildings Investment Management LLC Cuts Stock Position in Invitation Homes Inc. (NYSE:INVH)

Land & Buildings Investment Management LLC decreased its position in Invitation Homes Inc. (NYSE:INVH) by 11.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 985,840 shares of the company’s stock after selling 121,280 shares during the period. Invitation Homes makes up approximately 8.3% of Land & Buildings Investment Management LLC’s holdings, making the stock its 2nd biggest position. Land & Buildings Investment Management LLC owned 0.16% of Invitation Homes worth $35,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew 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 worth $23,852,000 after purchasing an additional 36,951 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in Invitation Homes by 56.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock valued at $6,174,000 after buying an additional 62,547 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in 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 valued at $37,632,000 after buying an additional 131,068 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Invitation Homes during the 1st quarter worth about $2,635,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Invitation Homes during the 4th quarter worth about $3,482,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $36.50 on Tuesday. The company’s fifty day moving average is $35.84 and its two-hundred day moving average is $35.25. The company has a market cap of $22.36 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $37.80. 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 (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The business had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Equities analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.07%. Invitation Homes’s dividend payout ratio is 128.74%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INVH shares. Barclays lowered their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Mizuho cut their price objective on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Evercore ISI lifted their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target for the company. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.