Landscape Capital Management L.L.C. Purchases Shares of 7,960 Invitation Homes Inc. (NYSE:INVH)

Posted by on Aug 21st, 2023

Landscape Capital Management L.L.C. purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH – Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 7,960 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds have also recently made changes to their positions in the company. Twin Tree Management LP bought a new position in shares of Invitation Homes during the 1st quarter worth approximately $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Invitation Homes during the first quarter worth $147,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Invitation Homes in the first quarter worth $645,000. 1620 Investment Advisors Inc. increased its stake in Invitation Homes by 4.4% in the first quarter. 1620 Investment Advisors Inc. now owns 15,483 shares of the company’s stock valued at $484,000 after purchasing an additional 655 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in shares of Invitation Homes by 1.9% during the first quarter. Keybank National Association OH now owns 1,006,678 shares of the company’s stock valued at $31,439,000 after purchasing an additional 18,959 shares during the period. 97.83% of the stock is owned by institutional investors.

Invitation Homes Price Performance

Invitation Homes stock opened at $33.46 on Monday. The business’s 50 day simple moving average is $34.69 and its 200 day simple moving average is $33.23. Invitation Homes Inc. has a 12 month low of $28.52 and a 12 month high of $40.20. The company has a market cap of $20.48 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 2.43 and a beta of 0.90. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.53.

Invitation Homes (NYSE:INVH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.22). The firm had revenue of $600.37 million for the quarter, compared to analysts’ expectations of $599.45 million. Invitation Homes had a net margin of 18.70% and a return on equity of 4.25%. Sell-side analysts forecast that Invitation Homes Inc. will post 1.73 EPS for the current year.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Tuesday, August 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.04 dividend on an annualized basis and a yield of 3.11%. Invitation Homes’s payout ratio is 146.48%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INVH. Mizuho raised their target price on Invitation Homes from $32.00 to $35.00 in a research note on Friday, May 19th. 51job reissued a “maintains” rating on shares of Invitation Homes in a research note on Monday, June 26th. Barclays boosted their price objective on Invitation Homes from $38.00 to $41.00 in a report on Wednesday, May 31st. Finally, BTIG Research cut Invitation Homes from a “buy” rating to a “neutral” rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.09.

Check Out Our Latest Stock Report on Invitation Homes

Invitation Homes Profile

(Free Report)

Invitation Homes, an S&P 500 company, 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.

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

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