Quantbot Technologies LP Invests $1.17 Million in Invitation Homes Inc. (NYSE:INVH)

Quantbot Technologies LP acquired a new stake in Invitation Homes Inc. (NYSE:INVH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 33,159 shares of the company’s stock, valued at approximately $1,169,000.

Several other hedge funds have also recently bought and sold shares of INVH. Capital Square LLC lifted its position in shares of Invitation Homes by 1.3% during the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock worth $837,000 after purchasing an additional 308 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after buying an additional 310 shares in the last quarter. GAMMA Investing LLC boosted its position in Invitation Homes by 6.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after buying an additional 343 shares during the period. CWM LLC grew its stake in shares of Invitation Homes by 5.1% in the third quarter. CWM LLC now owns 7,285 shares of the company’s stock worth $257,000 after acquiring an additional 351 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Invitation Homes by 0.6% during the third quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock worth $2,279,000 after acquiring an additional 369 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $34.25 on Friday. The stock has a market cap of $20.98 billion, a P/E ratio of 48.24, a P/E/G ratio of 5.26 and a beta of 1.02. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The stock has a 50 day moving average of $33.91 and a two-hundred day moving average of $34.99. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 157.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their target price for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. UBS Group boosted their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Scotiabank reduced their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Evercore ISI boosted their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.