Invitation Homes Inc (INVH) Stake Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in Invitation Homes Inc (NYSE:INVH) by 13.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,697,941 shares of the company’s stock after selling 271,156 shares during the period. Russell Investments Group Ltd.’s holdings in Invitation Homes were worth $38,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in shares of Invitation Homes by 274.0% in the 3rd quarter. First Trust Advisors LP now owns 178,138 shares of the company’s stock valued at $4,081,000 after acquiring an additional 130,503 shares during the period. IFM Investors Pty Ltd acquired a new position in shares of Invitation Homes in the 3rd quarter valued at $266,000. First Hawaiian Bank acquired a new position in shares of Invitation Homes in the 3rd quarter valued at $508,000. Bank of Montreal Can increased its position in shares of Invitation Homes by 338.8% in the 3rd quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock valued at $104,000 after acquiring an additional 3,517 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Invitation Homes by 15.0% in the 2nd quarter. Schroder Investment Management Group now owns 1,083,455 shares of the company’s stock valued at $24,952,000 after acquiring an additional 141,704 shares during the period.

NYSE:INVH opened at $21.88 on Thursday. Invitation Homes Inc has a one year low of $20.25 and a one year high of $24.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.75 and a current ratio of 0.75.



Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Invitation Homes had a negative net margin of 6.99% and a negative return on equity of 0.98%. The company had revenue of $432.00 million for the quarter, compared to analyst estimates of $431.24 million. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 78.4% on a year-over-year basis. Equities research analysts anticipate that Invitation Homes Inc will post 1.18 earnings per share for the current fiscal year.

In other Invitation Homes news, Director Barry S. Sternlicht sold 1,309,849 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $23.55, for a total value of $30,846,943.95. Following the sale, the director now directly owns 5,482 shares of the company’s stock, valued at $129,101.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Separately, Raymond James upped their price target on shares of Invitation Homes from $26.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $25.83.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, 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.

Further Reading: Fundamental Analysis

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

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