Schwab Charles Investment Management Inc. Raises Stake in Invitation Home Inc. (INVH)
Schwab Charles Investment Management Inc. grew its holdings in Invitation Home Inc. (NYSE:INVH) by 228.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 744,900 shares of the company’s stock after purchasing an additional 517,842 shares during the period. Schwab Charles Investment Management Inc. owned about 0.24% of Invitation Home worth $16,113,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of INVH. First Trust Advisors LP acquired a new position in shares of Invitation Home in the 1st quarter valued at about $570,000. US Bancorp DE acquired a new position in shares of Invitation Home in the 1st quarter valued at about $241,000. Bank of New York Mellon Corp acquired a new position in shares of Invitation Home in the 1st quarter valued at about $54,770,000. BNP Paribas Arbitrage SA acquired a new position in shares of Invitation Home in the 1st quarter valued at about $566,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Invitation Home in the 1st quarter valued at about $5,265,000.
Shares of Invitation Home Inc. (NYSE INVH) opened at 22.15 on Monday. Invitation Home Inc. has a 52 week low of $19.80 and a 52 week high of $23.13. The company’s market cap is $6.90 billion. The company has a 50 day moving average price of $22.56 and a 200 day moving average price of $22.56.
Invitation Home (NYSE:INVH) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $240.58 million. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Invitation Home Inc. will post ($0.10) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.08 per share. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, August 11th.
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A number of equities analysts have recently weighed in on the company. FBR & Co reiterated a “buy” rating on shares of Invitation Home in a report on Thursday. Zacks Investment Research cut Invitation Home from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $25.00 price target on shares of Invitation Home in a research note on Friday, August 18th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $24.38.
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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