Invitation Homes Inc. (NYSE:INVH – Get Free Report) shares gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $35.97, but opened at $33.49. Invitation Homes shares last traded at $34.12, with a volume of 834,870 shares.
The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The firm had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%.
Invitation Homes Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.28%. Invitation Homes’s payout ratio is currently 128.74%.
Wall Street Analyst Weigh In
View Our Latest Analysis on INVH
Insider Transactions at Invitation Homes
In other news, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now directly owns 28,068 shares of the company’s stock, valued at $970,591.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the sale, the director now owns 28,068 shares of the company’s stock, valued at $970,591.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Institutional Investors Weigh In On Invitation Homes
Hedge funds and other institutional investors have recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $42,000. Tevis Investment Management lifted its holdings in Invitation Homes by 13.0% in the second quarter. Tevis Investment Management now owns 142,155 shares of the company’s stock valued at $5,142,000 after acquiring an additional 16,336 shares during the last quarter. GYL Financial Synergies LLC lifted its holdings in Invitation Homes by 3.6% in the second quarter. GYL Financial Synergies LLC now owns 52,068 shares of the company’s stock valued at $1,869,000 after acquiring an additional 1,821 shares during the last quarter. 1620 Investment Advisors Inc. grew its position in Invitation Homes by 2.3% in the second quarter. 1620 Investment Advisors Inc. now owns 18,339 shares of the company’s stock worth $658,000 after acquiring an additional 421 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Invitation Homes by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 311,055 shares of the company’s stock worth $11,251,000 after acquiring an additional 2,074 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Invitation Homes Price Performance
The stock has a 50-day simple moving average of $35.37 and a 200 day simple moving average of $34.52. The company has a market cap of $20.90 billion, a PE ratio of 41.34, a P/E/G ratio of 2.24 and a beta of 0.99. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53.
About Invitation Homes
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.
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