Quadrant Capital Group LLC cut its position in shares of Invitation Homes Inc. (NYSE:INVH – Free Report) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,920 shares of the company’s stock after selling 371 shares during the period. Quadrant Capital Group LLC’s holdings in Invitation Homes were worth $169,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of INVH. Norges Bank bought a new stake in shares of Invitation Homes in the 4th quarter valued at approximately $1,127,108,000. State Street Corp increased its holdings in shares of Invitation Homes by 12.8% during the first quarter. State Street Corp now owns 29,070,728 shares of the company’s stock worth $1,168,062,000 after buying an additional 3,310,121 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Invitation Homes by 3.3% in the first quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock valued at $3,481,574,000 after acquiring an additional 2,784,696 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Invitation Homes by 98,059.4% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,365,642 shares of the company’s stock worth $81,378,000 after acquiring an additional 2,363,232 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Invitation Homes by 40.1% in the first quarter. Bank of America Corp DE now owns 3,483,450 shares of the company’s stock worth $108,788,000 after purchasing an additional 997,445 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have weighed in on INVH. Oppenheimer raised Invitation Homes from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Monday, October 30th. Raymond James lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. UBS Group initiated coverage on shares of Invitation Homes in a research report on Friday, September 29th. They set a “buy” rating and a $38.00 price target on the stock. Evercore ISI dropped their price objective on Invitation Homes from $37.00 to $35.00 in a research note on Monday, October 9th. Finally, BTIG Research lowered Invitation Homes from a “buy” rating to a “neutral” rating in a research report on Thursday, August 17th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.26.
Invitation Homes Price Performance
INVH stock opened at $33.50 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The company’s 50-day moving average is $32.09 and its 200-day moving average is $33.54. The stock has a market capitalization of $20.50 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 4.21 and a beta of 0.93. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53.
Invitation Homes (NYSE:INVH – Get Free Report) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $617.70 million for the quarter, compared to analyst estimates of $614.21 million. Invitation Homes had a net margin of 20.52% and a return on equity of 4.77%. Equities research analysts expect that Invitation Homes Inc. will post 1.75 EPS for the current fiscal year.
Invitation Homes Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Monday, November 6th. Invitation Homes’s payout ratio is 131.65%.
Invitation Homes Profile
Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing 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.
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