Lecap Asset Management Ltd. Buys Shares of 12,280 Invitation Home (NYSE:INVH)

Lecap Asset Management Ltd. bought a new position in Invitation Home (NYSE:INVH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,280 shares of the company's stock, valued at approximately $428,000.

Several other hedge funds also recently made changes to their positions in the company. Cohen & Steers Inc. grew its position in shares of Invitation Home by 1.7% in the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after acquiring an additional 1,019,377 shares in the last quarter. Norges Bank bought a new stake in shares of Invitation Home in the 4th quarter worth approximately $1,646,794,000. Geode Capital Management LLC lifted its holdings in shares of Invitation Home by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock worth $480,276,000 after purchasing an additional 365,954 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Invitation Home by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after purchasing an additional 3,870,432 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Invitation Home by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Oppenheimer raised their price target on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods raised their price target on Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Scotiabank raised their price target on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. The Goldman Sachs Group raised their price target on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada raised their price target on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.97.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the completion of the sale, the chief executive officer now directly owns 642,973 shares of the company's stock, valued at $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.29% of the company's stock.

Invitation Home Price Performance

Shares of INVH stock traded down $0.22 during mid-day trading on Friday, hitting $32.70. 4,361,963 shares of the stock traded hands, compared to its average volume of 3,410,413. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. The company's 50-day simple moving average is $33.81 and its 200-day simple moving average is $32.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The company had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. During the same period last year, the firm earned $0.47 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.55%. Invitation Home's payout ratio is 150.65%.

About Invitation Home

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.