306,726 Shares in Invitation Homes Inc. (NYSE:INVH) Acquired by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 306,726 shares of the company’s stock, valued at approximately $10,815,000. Invitation Homes accounts for 1.5% of Waterfront Capital Partners LLC’s holdings, making the stock its 23rd largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after buying an additional 641 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Invitation Homes during the 3rd quarter worth approximately $40,000. Family Firm Inc. acquired a new stake in Invitation Homes during the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes during the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes during the 2nd quarter worth approximately $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Up 1.3 %

Shares of Invitation Homes stock opened at $34.61 on Friday. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $33.95 and its 200-day simple moving average is $34.99. The firm has a market cap of $21.20 billion, a price-to-earnings ratio of 48.75, a price-to-earnings-growth ratio of 5.26 and a beta of 1.02.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.24%. Invitation Homes’s dividend payout ratio (DPR) is 157.75%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective on the stock. Mizuho reduced their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes has an average rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes 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.