Invitation Home Inc. (INVH) Shares Bought by Cbre Clarion Securities LLC
Cbre Clarion Securities LLC increased its stake in Invitation Home Inc. (NYSE:INVH) by 15.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,970,343 shares of the company’s stock after purchasing an additional 649,707 shares during the quarter. Cbre Clarion Securities LLC owned 1.60% of Invitation Home worth $107,509,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Blackstone Group L.P. acquired a new stake in Invitation Home in the 1st quarter valued at about $4,801,407,000. Vanguard Group Inc. acquired a new stake in Invitation Home in the 1st quarter valued at about $159,769,000. FMR LLC acquired a new stake in Invitation Home in the 1st quarter valued at about $149,699,000. BlackRock Inc. acquired a new stake in Invitation Home in the 1st quarter valued at about $92,688,000. Finally, JPMorgan Chase & Co. acquired a new stake in Invitation Home in the 1st quarter valued at about $91,316,000.
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Shares of Invitation Home Inc. (NYSE INVH) traded down 1.86% on Friday, hitting $22.15. 1,925,111 shares of the stock traded hands. The stock’s market cap is $6.90 billion. The company’s 50 day moving average is $22.56 and its 200 day moving average is $22.56. Invitation Home Inc. has a one year low of $19.80 and a one year high of $23.13.
Invitation Home (NYSE:INVH) last released its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $242.22 million for the quarter, compared to analysts’ expectations of $240.58 million. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Invitation Home Inc. will post ($0.10) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a $0.08 dividend. This is a boost from Invitation Home’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, August 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.44%.
INVH has been the topic of several analyst reports. Zacks Investment Research raised shares of Invitation Home from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, September 6th. FBR & Co reaffirmed a “buy” rating on shares of Invitation Home in a research note on Thursday. Evercore ISI initiated coverage on shares of Invitation Home in a research note on Monday, June 5th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 price target on shares of Invitation Home in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Invitation Home has a consensus rating of “Buy” and a consensus price target 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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