Point72 Hong Kong Ltd bought a new position in shares of Invitation Homes Inc (NYSE:INVH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,600 shares of the company’s stock, valued at approximately $175,000.
A number of other institutional investors have also modified their holdings of the business. Bristol John W & Co. Inc. NY purchased a new position in Invitation Homes during the 1st quarter worth approximately $112,000. PNC Financial Services Group Inc. raised its position in Invitation Homes by 115.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,980 shares of the company’s stock worth $160,000 after buying an additional 3,740 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Invitation Homes during the 2nd quarter worth approximately $205,000. IBM Retirement Fund purchased a new position in Invitation Homes during the 1st quarter worth approximately $249,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Invitation Homes during the 2nd quarter worth approximately $369,000.
In related news, Director Barry S. Sternlicht sold 1,309,849 shares of Invitation Homes 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 owns 5,482 shares of the company’s stock, valued at approximately $129,101.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.
INVH has been the subject of a number of recent research reports. Raymond James raised their price target on shares of Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Morgan Stanley reduced their price target on shares of Invitation Homes from $27.00 to $24.50 and set an “overweight” rating for the company in a research report on Thursday, June 14th. Finally, TheStreet lowered shares of Invitation Homes from a “c-” rating to a “d+” rating in a research report on Wednesday, June 13th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Invitation Homes presently has a consensus rating of “Buy” and a consensus target price of $25.85.
Shares of NYSE INVH traded down $0.12 during midday trading on Friday, reaching $22.09. 838,401 shares of the stock were exchanged, compared to its average volume of 2,284,523. Invitation Homes Inc has a twelve month low of $20.25 and a twelve month high of $24.30. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 84.96, a PEG ratio of 3.40 and a beta of -0.41. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.75 and a quick ratio of 0.75.
Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Invitation Homes had a negative net margin of 6.99% and a negative return on equity of 0.98%. The firm had revenue of $432.00 million for the quarter, compared to analysts’ expectations of $431.24 million. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 78.4% compared to the same quarter last year. Analysts anticipate that Invitation Homes Inc will post 1.18 earnings per share for the current fiscal year.
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.
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