LDR Capital Management LLC Trims Stake in Invitation Homes Inc. (NYSE:INVH)

LDR Capital Management LLC decreased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,526 shares of the company’s stock after selling 4,325 shares during the period. Invitation Homes accounts for about 1.5% of LDR Capital Management LLC’s investment portfolio, making the stock its 26th largest position. LDR Capital Management LLC’s holdings in Invitation Homes were worth $1,670,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Invitation Homes during the fourth quarter valued at $1,346,883,000. Canada Pension Plan Investment Board grew its position in Invitation Homes by 27.2% in the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after acquiring an additional 3,351,424 shares in the last quarter. Boston Partners bought a new stake in Invitation Homes during the fourth quarter worth approximately $105,282,000. Goldman Sachs Group Inc. raised its position in Invitation Homes by 66.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after purchasing an additional 2,169,522 shares during the period. Finally, First Financial Bankshares Inc bought a new stake in shares of Invitation Homes in the 4th quarter valued at approximately $45,104,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $37.00 to $38.00 in a report on Monday. UBS Group increased their price target on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods dropped their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, July 30th. Royal Bank of Canada reduced their target price on Invitation Homes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.58.

Invitation Homes Stock Performance

NYSE:INVH traded up $0.56 during trading hours on Tuesday, reaching $36.39. The company had a trading volume of 2,602,352 shares, compared to its average volume of 3,210,170. The firm has a market cap of $22.29 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.92. The business’s 50 day moving average price is $35.56 and its 200-day moving average price is $34.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes (NYSE:INVH) last posted its 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 analysts’ expectations of $654.70 million. Research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were given a $0.28 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.08%. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

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.