HGI Capital Management LLC Buys 3,662 Shares of Invitation Homes Inc. (NYSE:INVH)

HGI Capital Management LLC lifted its position in Invitation Homes Inc. (NYSE:INVH) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 102,914 shares of the company’s stock after purchasing an additional 3,662 shares during the quarter. Invitation Homes accounts for approximately 3.2% of HGI Capital Management LLC’s holdings, making the stock its 13th biggest holding. HGI Capital Management LLC’s holdings in Invitation Homes were worth $3,629,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Invitation Homes by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 771,373 shares of the company’s stock valued at $27,470,000 after purchasing an additional 3,481 shares during the last quarter. Swedbank AB bought a new position in shares of Invitation Homes in the first quarter valued at about $16,368,000. Boston Partners lifted its position in Invitation Homes by 4.3% during the 1st quarter. Boston Partners now owns 3,218,905 shares of the company’s stock worth $114,617,000 after buying an additional 132,381 shares in the last quarter. Pensionfund Sabic grew its holdings in Invitation Homes by 4.2% during the 2nd quarter. Pensionfund Sabic now owns 49,565 shares of the company’s stock worth $1,779,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Pensionfund DSM Netherlands increased its position in Invitation Homes by 4.0% in the 2nd quarter. Pensionfund DSM Netherlands now owns 102,810 shares of the company’s stock valued at $3,690,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Performance

INVH stock opened at $34.61 on Friday. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $21.20 billion, a PE ratio of 48.75, a P/E/G ratio of 5.26 and a beta of 1.02. The business’s 50-day moving average price is $33.95 and its two-hundred day moving average price is $34.99.

Invitation Homes Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on INVH shares. Evercore ISI increased their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Mizuho lowered their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, UBS Group boosted their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

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.