State of Wisconsin Investment Board Has $379,000 Position in Invitation Home Inc. (INVH)
State of Wisconsin Investment Board lessened its stake in shares of Invitation Home Inc. (NYSE:INVH) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,530 shares of the company’s stock after selling 270 shares during the period. State of Wisconsin Investment Board’s holdings in Invitation Home were worth $379,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. acquired a new position in Invitation Home during the first quarter worth approximately $109,000. PNC Financial Services Group Inc. acquired a new position in Invitation Home during the first quarter worth approximately $111,000. SG Americas Securities LLC acquired a new position in Invitation Home during the first quarter worth approximately $112,000. State of Alaska Department of Revenue acquired a new position in Invitation Home during the second quarter worth approximately $136,000. Finally, Meeder Asset Management Inc. acquired a new position in Invitation Home during the second quarter worth approximately $157,000.
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Invitation Home Inc. (INVH) opened at 22.19 on Thursday. Invitation Home Inc. has a 52-week low of $19.80 and a 52-week high of $23.13. The firm’s market cap is $6.91 billion. The stock has a 50 day moving average price of $22.73 and a 200 day moving average price of $22.02.
Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to the consensus estimate of $240.58 million. The firm’s revenue was up 5.1% on a year-over-year basis. Equities analysts predict that Invitation Home Inc. will post ($0.14) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, August 11th. This is a boost from Invitation Home’s previous quarterly dividend of $0.06.
A number of brokerages have weighed in on INVH. Zacks Investment Research raised Invitation Home from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $25.00 price target on shares of Invitation Home in a research report on Friday, August 18th. Zelman & Associates raised Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, Evercore ISI began coverage on Invitation Home in a research report on Monday, June 5th. They set an “outperform” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Invitation Home presently has an average rating of “Buy” and an average target price of $24.38.
About Invitation Home
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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