Schwab Charles Investment Management Inc. bought a new stake in shares of Invitation Home Inc. (NYSE:INVH) during the first quarter, Holdings Channel reports. The firm bought 227,058 shares of the company’s stock, valued at approximately $4,957,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in INVH. Amalgamated Bank acquired a new position in shares of Invitation Home during the first quarter valued at about $256,000. BlackRock Inc. acquired a new position in shares of Invitation Home during the first quarter valued at about $92,688,000. Citadel Advisors LLC acquired a new position in shares of Invitation Home during the first quarter valued at about $5,338,000. Morgan Stanley acquired a new position in shares of Invitation Home during the first quarter valued at about $3,058,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Invitation Home during the first quarter valued at about $866,000.

Shares of Invitation Home Inc. (NYSE INVH) traded up 1.0158% on Wednesday, hitting $21.0416. The stock had a trading volume of 176,066 shares. The company’s market cap is $6.53 billion. The stock has a 50 day moving average price of $21.48 and a 200-day moving average price of $21.46. Invitation Home Inc. has a 12-month low of $19.80 and a 12-month high of $22.43.

Invitation Home (NYSE:INVH) last posted its earnings results on Thursday, May 11th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $238.80 million during the quarter, compared to analyst estimates of $238.10 million. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts expect that Invitation Home Inc. will post ($0.09) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from Invitation Home’s previous quarterly dividend of $0.06.

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Several brokerages recently issued reports on INVH. Zacks Investment Research lowered Invitation Home from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zelman & Associates raised Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Evercore ISI began coverage on Invitation Home in a research report on Monday, June 5th. They set an “outperform” rating and a $24.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $24.00 target price (up from $23.00) on shares of Invitation Home in a research report on Tuesday, May 16th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Invitation Home in a research report on Saturday, May 13th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Invitation Home presently has a consensus rating of “Buy” and an average price target of $24.08.

Invitation Home Company Profile

Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.

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Institutional Ownership by Quarter for Invitation Home (NYSE:INVH)

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