Lecap Asset Management Ltd. Makes New Investment in Invitation Home (NYSE:INVH)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its stake in shares of Invitation Home by 105.0% in the 4th quarter. Sanctuary Advisors LLC now owns 29,142 shares of the company's stock valued at $903,000 after purchasing an additional 14,929 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Invitation Home by 33.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 136,877 shares of the company's stock valued at $4,376,000 after buying an additional 34,281 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Invitation Home in the fourth quarter valued at $867,000. Versor Investments LP raised its stake in Invitation Home by 55.0% during the fourth quarter. Versor Investments LP now owns 28,187 shares of the company's stock worth $901,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in Invitation Home by 9.2% during the fourth quarter. Metis Global Partners LLC now owns 84,624 shares of the company's stock worth $2,705,000 after acquiring an additional 7,125 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Home Trading Up 0.3%

INVH stock traded up $0.09 during midday trading on Monday, reaching $32.81. The stock had a trading volume of 4,091,258 shares, compared to its average volume of 3,410,066. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 3.25 and a beta of 0.82. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $33.77 and a two-hundred day simple moving average of $32.84.

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

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be paid 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 dividend yield of 3.54%. Invitation Home's dividend payout ratio (DPR) is presently 150.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on INVH shares. Oppenheimer upped their target price on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $35.00 to $38.50 in a research note on Friday, June 6th. Keefe, Bruyette & Woods lifted their target price on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Mizuho raised Invitation Home from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Barclays raised their price target on Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.97.

Insider Activity at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the completion of the sale, the chief executive officer owned 642,973 shares in the company, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.

Invitation Home Company Profile

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.