Twin Capital Management Inc. trimmed its position in Invitation Homes Inc (NYSE:INVH) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 237,990 shares of the company’s stock after selling 21,440 shares during the period. Twin Capital Management Inc.’s holdings in Invitation Homes were worth $6,361,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Metropolitan Life Insurance Co NY raised its stake in Invitation Homes by 3.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 23,903 shares of the company’s stock valued at $581,000 after purchasing an additional 809 shares during the period. Strs Ohio raised its stake in Invitation Homes by 1.4% during the 1st quarter. Strs Ohio now owns 478,641 shares of the company’s stock valued at $11,645,000 after purchasing an additional 6,557 shares during the period. Gulf International Bank UK Ltd raised its stake in Invitation Homes by 62.0% during the 2nd quarter. Gulf International Bank UK Ltd now owns 110,826 shares of the company’s stock valued at $2,962,000 after purchasing an additional 42,400 shares during the period. Pictet Asset Management Ltd. raised its stake in Invitation Homes by 31.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 199,666 shares of the company’s stock valued at $4,858,000 after purchasing an additional 47,200 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Invitation Homes by 1.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,274 shares of the company’s stock valued at $688,000 after purchasing an additional 467 shares during the period.
INVH has been the topic of a number of research reports. Evercore ISI downgraded Invitation Homes from an “outperform” rating to an “in-line” rating in a research note on Monday, June 10th. Keefe, Bruyette & Woods downgraded Invitation Homes from an “outperform” rating to a “market perform” rating and set a $28.50 price objective on the stock. in a research note on Friday, July 19th. BTIG Research set a $27.00 price objective on Invitation Homes and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Zacks Investment Research raised Invitation Homes from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, June 19th. Finally, Raymond James lifted their price objective on Invitation Homes from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $27.92.
NYSE:INVH traded up $0.16 during trading hours on Thursday, reaching $27.77. The stock had a trading volume of 136,338 shares, compared to its average volume of 3,359,093. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.34 and a quick ratio of 0.34. Invitation Homes Inc has a 52 week low of $19.21 and a 52 week high of $28.17. The company’s 50 day moving average price is $27.46. The company has a market capitalization of $14.91 billion, a PE ratio of 120.87, a PEG ratio of 3.50 and a beta of 0.42.
Invitation Homes (NYSE:INVH) last released its earnings results on Tuesday, July 30th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.24). The company had revenue of $442.00 million for the quarter, compared to the consensus estimate of $442.81 million. Invitation Homes had a net margin of 4.91% and a return on equity of 1.42%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. Sell-side analysts anticipate that Invitation Homes Inc will post 1.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Wednesday, August 14th. Invitation Homes’s dividend payout ratio is currently 226.09%.
In other news, major shareholder Holdings L.P. Blackstone II sold 37,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $27.43, for a total transaction of $1,028,625,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Brep Ih6 Holdings Llc sold 40,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $25.21, for a total value of $1,008,400,000.00. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
Invitation Homes 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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