Invitation Home Inc. (INVH) is HGI Capital Management LLC’s 10th Largest Position
HGI Capital Management LLC cut its position in Invitation Home Inc. (NYSE:INVH) by 10.1% during the second quarter, Holdings Channel reports. The fund owned 184,282 shares of the company’s stock after selling 20,762 shares during the period. Invitation Home accounts for approximately 4.9% of HGI Capital Management LLC’s portfolio, making the stock its 10th largest position. HGI Capital Management LLC’s holdings in Invitation Home were worth $3,986,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blackstone Group L.P. bought a new position in Invitation Home during the first quarter worth approximately $4,801,407,000. Bank of New York Mellon Corp bought a new position in Invitation Home during the first quarter worth approximately $54,770,000. Advantus Capital Management Inc bought a new position in Invitation Home during the first quarter worth approximately $8,712,000. Quantitative Systematic Strategies LLC bought a new position in Invitation Home during the first quarter worth approximately $413,000. Finally, Lazard Asset Management LLC bought a new position in Invitation Home during the first quarter worth approximately $866,000.
Shares of Invitation Home Inc. (INVH) opened at 20.99 on Thursday. The stock’s market capitalization is $6.51 billion. Invitation Home Inc. has a 1-year low of $19.80 and a 1-year high of $22.43. The company has a 50-day moving average of $21.44 and a 200-day moving average of $21.45.
Invitation Home (NYSE:INVH) last issued its quarterly earnings data on Thursday, May 11th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $238.80 million during the quarter, compared to analysts’ expectations of $238.10 million. Invitation Home’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Invitation Home Inc. will post ($0.09) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a $0.08 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, August 11th.
A number of research analysts have recently commented on INVH shares. Zelman & Associates upgraded shares of Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Zacks Investment Research cut shares of Invitation Home from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Evercore ISI started coverage on shares of Invitation Home in a report on Monday, June 5th. They issued an “outperform” rating and a $24.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $24.00 price target (up from $23.00) on shares of Invitation Home in a report on Tuesday, May 16th. Finally, FBR & Co restated a “buy” rating on shares of Invitation Home in a report on Saturday, May 13th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Invitation Home presently has a consensus rating of “Buy” and an average target price 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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