Louisiana State Employees Retirement System Makes New $1.19 Million Investment in Invitation Homes Inc. (NYSE:INVH)

Louisiana State Employees Retirement System acquired a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 34,800 shares of the company's stock, valued at approximately $1,187,000.

A number of other hedge funds have also recently added to or reduced their stakes in INVH. Capital Square LLC bought a new position in shares of Invitation Homes in the fourth quarter valued at approximately $494,000. Sequoia Financial Advisors LLC bought a new position in shares of Invitation Homes in the fourth quarter valued at approximately $330,000. Nisa Investment Advisors LLC lifted its holdings in shares of Invitation Homes by 101.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 665,559 shares of the company's stock valued at $22,702,000 after purchasing an additional 334,664 shares in the last quarter. LDR Capital Management LLC lifted its holdings in shares of Invitation Homes by 64.8% in the fourth quarter. LDR Capital Management LLC now owns 51,004 shares of the company's stock valued at $1,740,000 after purchasing an additional 20,061 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Invitation Homes in the fourth quarter valued at approximately $292,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Insider Buying and Selling

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the transaction, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.28% of the stock is owned by company insiders.

Invitation Homes Stock Performance

Shares of NYSE INVH traded up $0.36 during mid-day trading on Tuesday, hitting $34.14. The company had a trading volume of 2,662,988 shares, compared to its average volume of 3,138,427. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 40.62, a P/E/G ratio of 1.99 and a beta of 0.94. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The stock's 50-day moving average price is $34.23 and its 200-day moving average price is $33.39.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $624.32 million during the quarter, compared to analysts' expectations of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. On average, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes's payout ratio is 133.33%.

Wall Street Analyst Weigh In

INVH has been the topic of a number of recent research reports. BNP Paribas assumed coverage on Invitation Homes in a report on Monday, January 22nd. They issued an "outperform" rating and a $39.00 target price on the stock. Morgan Stanley dropped their price target on Invitation Homes from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, December 26th. Keefe, Bruyette & Woods dropped their price target on Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Tuesday, February 27th. KeyCorp lifted their price target on Invitation Homes from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Friday, January 5th. Finally, JMP Securities reiterated a "market outperform" rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.19.

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.