Waterfront Capital Partners LLC Takes $10.82 Million Position in Invitation Homes Inc. (NYSE:INVH)

Waterfront Capital Partners LLC acquired a new stake in shares of Invitation Homes Inc. (NYSE:INVH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 306,726 shares of the company’s stock, valued at approximately $10,815,000. Invitation Homes comprises approximately 1.5% of Waterfront Capital Partners LLC’s holdings, making the stock its 23rd biggest holding. Waterfront Capital Partners LLC owned about 0.05% of Invitation Homes as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Capital Square LLC raised its position in shares of Invitation Homes by 1.3% in the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock worth $837,000 after acquiring an additional 308 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Invitation Homes by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after acquiring an additional 310 shares during the period. GAMMA Investing LLC raised its position in shares of Invitation Homes by 6.5% in the third quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock worth $197,000 after acquiring an additional 343 shares during the period. CWM LLC raised its position in shares of Invitation Homes by 5.1% during the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock worth $257,000 after purchasing an additional 351 shares during the last quarter. Finally, Appleton Partners Inc. MA raised its position in shares of Invitation Homes by 0.9% during the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock worth $1,431,000 after purchasing an additional 365 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

Invitation Homes stock opened at $34.61 on Friday. The firm has a 50 day simple moving average of $33.95 and a 200-day simple moving average of $34.99. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock 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 $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.24%. Invitation Homes’s dividend payout ratio (DPR) is 157.75%.

Analyst Upgrades and Downgrades

INVH has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target for the company. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Evercore ISI upped their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Mizuho reduced their price target on shares of 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, Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.