34,800 Shares in Invitation Homes Inc. (NYSE:INVH) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 34,800 shares of the company’s stock, valued at approximately $1,187,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INVH. Morgan Stanley lifted its position in Invitation Homes by 19.5% during the 3rd quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock worth $285,017,000 after acquiring an additional 1,466,330 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Invitation Homes by 9.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock worth $390,912,000 after acquiring an additional 1,080,000 shares during the last quarter. Barclays PLC lifted its position in Invitation Homes by 79.6% during the 3rd quarter. Barclays PLC now owns 1,996,051 shares of the company’s stock worth $63,259,000 after acquiring an additional 884,702 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Invitation Homes by 262.8% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 728,735 shares of the company’s stock worth $23,094,000 after acquiring an additional 527,876 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Invitation Homes by 101.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 665,559 shares of the company’s stock worth $22,702,000 after acquiring an additional 334,664 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Insider Activity

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by insiders.

Invitation Homes Price Performance

Shares of Invitation Homes stock opened at $33.78 on Tuesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $20.69 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 1.99 and a beta of 0.94. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53. The firm’s 50-day moving average price is $34.22 and its two-hundred day moving average price is $33.37.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The firm had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. On average, equities analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.32%. Invitation Homes’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Ratings Changes

A number of research analysts have weighed in on INVH shares. Jefferies Financial Group raised shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $41.00 in a research report on Tuesday, January 2nd. Mizuho upped their price objective on shares of Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods cut their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. Citigroup reaffirmed a “neutral” rating and set a $39.00 price objective on shares of Invitation Homes in a research report on Friday, March 22nd. Finally, Morgan Stanley cut their price objective on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, December 26th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.19.

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.