Centersquare Investment Management LLC grew its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 41.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,232,985 shares of the company’s stock after buying an additional 1,820,464 shares during the period. Invitation Homes accounts for about 2.5% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 12th biggest holding. Centersquare Investment Management LLC owned 1.16% of Invitation Homes worth $166,608,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in INVH. Monarch Partners Asset Management LLC purchased a new position in Invitation Homes during the 2nd quarter worth approximately $2,250,000. Allianz Asset Management GmbH grew its holdings in shares of Invitation Homes by 15.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,103,691 shares of the company’s stock valued at $29,501,000 after acquiring an additional 146,013 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Invitation Homes by 27.1% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 127,361 shares of the company’s stock worth $3,404,000 after acquiring an additional 27,169 shares during the last quarter. Monashee Investment Management LLC lifted its position in Invitation Homes by 34.7% during the 2nd quarter. Monashee Investment Management LLC now owns 896,866 shares of the company’s stock worth $23,973,000 after acquiring an additional 230,903 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Invitation Homes by 2.1% during the 2nd quarter. Van ECK Associates Corp now owns 70,509 shares of the company’s stock worth $1,885,000 after acquiring an additional 1,449 shares during the last quarter.
INVH opened at $28.09 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.34 and a quick ratio of 0.34. The company’s 50 day simple moving average is $28.15 and its 200-day simple moving average is $26.04. Invitation Homes Inc has a one year low of $19.21 and a one year high of $29.33. The stock has a market capitalization of $15.02 billion, a P/E ratio of 122.13, a price-to-earnings-growth ratio of 2.96 and a beta of 0.39.
Invitation Homes (NYSE:INVH) last released its quarterly earnings data 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). Invitation Homes had a return on equity of 1.42% and a net margin of 4.91%. The business had revenue of $442.00 million for the quarter, compared to analyst estimates of $442.81 million. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, analysts anticipate that Invitation Homes Inc will post 1.27 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.52 annualized dividend and a yield of 1.85%. Invitation Homes’s payout ratio is currently 226.09%.
A number of research firms have weighed in on INVH. Zacks Investment Research raised shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, June 19th. Royal Bank of Canada upped their price objective on shares of Invitation Homes to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods lowered shares of Invitation Homes from an “outperform” rating to a “market perform” rating and set a $28.50 price objective for the company. in a research report on Friday, July 19th. Evercore ISI cut shares of Invitation Homes from an “outperform” rating to an “in-line” rating in a research note on Monday, June 10th. Finally, B. Riley set a $30.00 target price on shares of Invitation Homes and gave the company a “buy” rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $28.44.
In other Invitation Homes news, EVP Mark A. Solls sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $29.01, for a total transaction of $870,300.00. Following the transaction, the executive vice president now directly owns 94,858 shares in the company, valued at $2,751,830.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ernest Michael Freedman sold 31,892 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $28.41, for a total transaction of $906,051.72. Following the completion of the transaction, the chief financial officer now owns 342,786 shares in the company, valued at approximately $9,738,550.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,561,892 shares of company stock valued at $1,030,401,352. 0.25% of the stock is owned by company insiders.
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.
Further Reading: Return on Investment (ROI)
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