Invitation Homes Inc. (NYSE:INVH) Shares Sold by Tredje AP fonden

Tredje AP fonden cut its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,576 shares of the company’s stock after selling 1,503 shares during the quarter. Tredje AP fonden’s holdings in Invitation Homes were worth $3,466,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Edgestream Partners L.P. boosted its holdings in Invitation Homes by 81.9% during the second quarter. Edgestream Partners L.P. now owns 171,769 shares of the company’s stock worth $6,165,000 after buying an additional 77,318 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Invitation Homes by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after acquiring an additional 170,374 shares in the last quarter. Plato Investment Management Ltd grew its holdings in shares of Invitation Homes by 115.1% in the 2nd quarter. Plato Investment Management Ltd now owns 102,617 shares of the company’s stock worth $3,683,000 after acquiring an additional 54,910 shares during the period. Envestnet Asset Management Inc. increased its stake in Invitation Homes by 8.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 588,034 shares of the company’s stock valued at $21,105,000 after purchasing an additional 47,035 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Invitation Homes by 5.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 65,162 shares of the company’s stock worth $2,339,000 after purchasing an additional 3,490 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

NYSE INVH opened at $35.86 on Thursday. The business’s 50-day moving average price is $35.79 and its 200 day moving average price is $35.22. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80. The company has a market capitalization of $21.97 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The company had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. On average, research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.12%. Invitation Homes’s dividend payout ratio is presently 128.74%.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research reports. UBS Group upped their target price on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays lowered their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. The Goldman Sachs Group began coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price for the company. Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. Finally, Evercore ISI lifted their price objective on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

Invitation Homes Company 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.