Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Makena Capital Management LLC

Makena Capital Management LLC boosted its stake in Invitation Homes Inc. (NYSE:INVH) by 22.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,021 shares of the company’s stock after purchasing an additional 46,842 shares during the period. Invitation Homes makes up about 2.1% of Makena Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Makena Capital Management LLC’s holdings in Invitation Homes were worth $9,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in shares of Invitation Homes in the 1st quarter worth about $26,000. UMB Bank n.a. raised its holdings in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after buying an additional 641 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Invitation Homes during the second quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes in the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC bought a new stake in Invitation Homes during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

INVH has been the subject of several recent analyst reports. Mizuho decreased their price target on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and increased their price objective for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $39.00 to $37.00 in a report on Tuesday. Scotiabank reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Finally, Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Invitation Homes Trading Down 0.8 %

Shares of Invitation Homes stock opened at $35.01 on Friday. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $37.80. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $21.44 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 4.56 and a beta of 1.01. The firm’s 50 day moving average is $35.81 and its 200 day moving average is $35.25.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The firm had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.20%. Invitation Homes’s payout ratio is 128.74%.

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.