FBR & Co Reiterates “Buy” Rating for Invitation Home Inc. (INVH)
INVH has been the subject of a number of other research reports. Zelman & Associates raised Invitation Home from a hold rating to a buy rating in a report on Friday, June 23rd. Zacks Investment Research lowered Invitation Home from a buy rating to a hold rating in a report on Monday, September 4th. Keefe, Bruyette & Woods raised Invitation Home from a market perform rating to an outperform rating and reduced their target price for the company from $23.00 to $22.00 in a report on Monday, August 14th. Finally, Evercore ISI started coverage on Invitation Home in a report on Monday, June 5th. They set an outperform rating and a $24.00 target price for the company. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $24.38.
Shares of Invitation Home (NYSE INVH) opened at 22.15 on Thursday. Invitation Home has a 52-week low of $19.80 and a 52-week high of $23.13. The company’s 50-day moving average is $22.56 and its 200 day moving average is $22.56. The company’s market cap is $6.90 billion.
Invitation Home (NYSE:INVH) last posted its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company 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, analysts anticipate that Invitation Home will post ($0.10) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, August 11th. This is an increase from Invitation Home’s previous quarterly dividend of $0.06.
Several institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of Invitation Home by 3.3% during the 2nd quarter. Citigroup Inc. now owns 47,555 shares of the company’s stock valued at $1,030,000 after acquiring an additional 1,540 shares during the last quarter. GAM Holding AG boosted its position in shares of Invitation Home by 28.1% during the 2nd quarter. GAM Holding AG now owns 7,300 shares of the company’s stock valued at $158,000 after acquiring an additional 1,600 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Invitation Home by 8.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 28,114 shares of the company’s stock valued at $608,000 after acquiring an additional 2,171 shares during the last quarter. Utah Retirement Systems boosted its position in shares of Invitation Home by 26.7% during the 2nd quarter. Utah Retirement Systems now owns 16,092 shares of the company’s stock valued at $348,000 after acquiring an additional 3,392 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of Invitation Home by 30.9% during the 2nd quarter. Quantbot Technologies LP now owns 14,523 shares of the company’s stock valued at $314,000 after acquiring an additional 3,432 shares during the last quarter.
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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