Louisiana State Employees Retirement System Sells 500 Shares of Invitation Homes Inc. (NYSE:INVH)

Louisiana State Employees Retirement System trimmed its stake in Invitation Homes Inc. (NYSE:INVH) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,100 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Invitation Homes were worth $1,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Canada Pension Plan Investment Board boosted its stake in Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after buying an additional 128,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Invitation Homes by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after purchasing an additional 170,374 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Invitation Homes by 4.7% during the 1st quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after purchasing an additional 384,564 shares during the period. PGGM Investments grew its holdings in Invitation Homes by 4.9% during the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock valued at $176,812,000 after purchasing an additional 232,012 shares during the last quarter. Finally, Boston Partners raised its position in Invitation Homes by 4.3% in the 1st quarter. Boston Partners now owns 3,218,905 shares of the company’s stock worth $114,617,000 after purchasing an additional 132,381 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada cut their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. UBS Group boosted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. Finally, Evercore ISI boosted their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.90.

Invitation Homes Trading Down 0.0 %

NYSE:INVH opened at $31.40 on Friday. The stock has a market capitalization of $19.24 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 4.45 and a beta of 1.02. Invitation Homes Inc. has a 52 week low of $30.20 and a 52 week high of $37.80. The company has a quick ratio of 0.20, a current ratio of 0.21 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $34.99 and a 200 day moving average of $35.06.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 157.75%.

Invitation Homes Company 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.