Lasalle Investment Management Securities LLC Has $84.22 Million Position in Invitation Homes Inc. (NYSE:INVH)

Lasalle Investment Management Securities LLC decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,634,406 shares of the company's stock after selling 127,458 shares during the quarter. Invitation Homes makes up about 3.6% of Lasalle Investment Management Securities LLC's holdings, making the stock its 10th biggest position. Lasalle Investment Management Securities LLC owned approximately 0.43% of Invitation Homes worth $84,222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. MetLife Investment Management LLC raised its position in shares of Invitation Homes by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 168,258 shares of the company's stock valued at $5,379,000 after purchasing an additional 2,094 shares during the period. Norinchukin Bank The raised its holdings in Invitation Homes by 3.0% in the 4th quarter. Norinchukin Bank The now owns 50,683 shares of the company's stock worth $1,620,000 after acquiring an additional 1,489 shares during the period. Capital World Investors acquired a new position in Invitation Homes during the 4th quarter worth $4,891,000. Dimensional Fund Advisors LP lifted its position in Invitation Homes by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,827,708 shares of the company's stock worth $282,221,000 after acquiring an additional 33,235 shares during the last quarter. Finally, HGI Capital Management LLC boosted its holdings in Invitation Homes by 97.6% during the fourth quarter. HGI Capital Management LLC now owns 203,391 shares of the company's stock valued at $6,502,000 after acquiring an additional 100,477 shares during the period. Institutional investors own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of NYSE INVH traded down $0.00 during midday trading on Friday, reaching $33.87. 1,096,638 shares of the company traded hands, compared to its average volume of 3,352,095. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock's 50-day simple moving average is $33.20 and its 200-day simple moving average is $32.79. The firm has a market cap of $20.76 billion, a PE ratio of 47.62, a PEG ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The firm had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, equities analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.43%. Invitation Homes's payout ratio is 158.90%.

Wall Street Analyst Weigh In

INVH has been the subject of several research analyst reports. Jefferies Financial Group cut Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Raymond James dropped their target price on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Barclays reiterated an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $37.38.

Invitation Homes 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.