Quadrant Capital Group LLC Increases Stake in Invitation Homes Inc. (NYSE:INVH)

Quadrant Capital Group LLC boosted its stake in shares of Invitation Homes Inc. (NYSE:INVHGet Rating) by 10.6% in the 1st quarter, Holdings Channel reports. The fund owned 4,540 shares of the company’s stock after buying an additional 434 shares during the period. Quadrant Capital Group LLC’s holdings in Invitation Homes were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P acquired a new stake in Invitation Homes in the fourth quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. grew its holdings in Invitation Homes by 526.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company’s stock valued at $27,000 after purchasing an additional 558 shares during the period. Riverview Trust Co acquired a new stake in Invitation Homes in the first quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invitation Homes by 53.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 872 shares of the company’s stock valued at $40,000 after purchasing an additional 303 shares during the period. Finally, WASHINGTON TRUST Co acquired a new stake in Invitation Homes in the first quarter valued at approximately $60,000.

Invitation Homes Stock Performance

NYSE INVH opened at $37.88 on Friday. Invitation Homes Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $45.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $23.12 billion, a P/E ratio of 66.46, a price-to-earnings-growth ratio of 3.38 and a beta of 0.89. The stock’s fifty day moving average is $36.27 and its two-hundred day moving average is $38.66.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th will be given a $0.22 dividend. The ex-dividend date is Monday, August 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.32%. Invitation Homes’s dividend payout ratio is currently 154.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INVH. KeyCorp lowered their price target on Invitation Homes from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. Evercore ISI set a $42.00 price target on Invitation Homes in a research note on Monday, June 20th. Jefferies Financial Group lowered their price target on Invitation Homes from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. BMO Capital Markets began coverage on Invitation Homes in a research note on Thursday, April 14th. They issued a “market perform” rating and a $45.00 price target on the stock. Finally, Mizuho lowered their price target on Invitation Homes from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Invitation Homes presently has an average rating of “Moderate Buy” and a consensus price target of $44.53.

About Invitation Homes

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Invitation Homes is the nation's premier single-family home leasing 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.

Further Reading

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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