1,730,886 Shares in Invitation Homes Inc (INVH) Acquired by Laurion Capital Management LP

Laurion Capital Management LP acquired a new stake in shares of Invitation Homes Inc (NYSE:INVH) during the 1st quarter, Holdings Channel reports. The firm acquired 1,730,886 shares of the company’s stock, valued at approximately $42,113,000. Invitation Homes accounts for approximately 0.6% of Laurion Capital Management LP’s investment portfolio, making the stock its 9th largest position.

Several other large investors have also added to or reduced their stakes in INVH. Legal & General Group Plc grew its position in shares of Invitation Homes by 7.7% in the 3rd quarter. Legal & General Group Plc now owns 1,911,105 shares of the company’s stock valued at $43,783,000 after buying an additional 136,986 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Invitation Homes by 279.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 25,821 shares of the company’s stock valued at $518,000 after buying an additional 19,021 shares during the last quarter. Bank of Montreal Can grew its position in shares of Invitation Homes by 27.4% in the 4th quarter. Bank of Montreal Can now owns 5,802 shares of the company’s stock valued at $116,000 after buying an additional 1,247 shares during the last quarter. Strs Ohio grew its position in shares of Invitation Homes by 6.9% in the 4th quarter. Strs Ohio now owns 472,084 shares of the company’s stock valued at $9,479,000 after buying an additional 30,584 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Invitation Homes by 29.4% in the 4th quarter. IFM Investors Pty Ltd now owns 15,008 shares of the company’s stock valued at $301,000 after buying an additional 3,410 shares during the last quarter.

In other news, major shareholder Real Estate Partner Blackstone sold 40,000,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $23.22, for a total value of $928,800,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry S. Sternlicht sold 3,000,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $23.22, for a total transaction of $69,660,000.00. Following the completion of the sale, the director now owns 5,482 shares of the company’s stock, valued at approximately $127,292.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,029,925 shares of company stock valued at $999,203,038. 0.25% of the stock is owned by company insiders.

A number of research analysts recently commented on INVH shares. Zacks Investment Research raised shares of Invitation Homes from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. BTIG Research set a $27.00 target price on shares of Invitation Homes and gave the company a “buy” rating in a research report on Tuesday, May 14th. Raymond James increased their price target on shares of Invitation Homes from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 15th. Finally, TheStreet upgraded shares of Invitation Homes from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Invitation Homes has a consensus rating of “Buy” and a consensus price target of $26.13.

Shares of NYSE:INVH opened at $25.35 on Monday. The firm has a market cap of $13.31 billion, a P/E ratio of 110.22, a price-to-earnings-growth ratio of 3.37 and a beta of 0.54. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. Invitation Homes Inc has a 1-year low of $19.21 and a 1-year high of $25.38.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.26). The business had revenue of $435.50 million for the quarter, compared to analyst estimates of $434.60 million. Invitation Homes had a return on equity of 1.10% and a net margin of 1.89%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, research analysts expect that Invitation Homes Inc will post 1.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, May 14th. Invitation Homes’s dividend payout ratio is currently 226.09%.

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Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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

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