Invitation Homes Inc. (NYSE:INVH) Shares Bought by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL raised its position in Invitation Homes Inc. (NYSE:INVH) by 113.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705,700 shares of the company’s stock after acquiring an additional 375,000 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.12% of Invitation Homes worth $26,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MML Investors Services LLC grew its position in Invitation Homes by 4.1% in the 1st quarter. MML Investors Services LLC now owns 7,296 shares of the company’s stock valued at $233,000 after acquiring an additional 288 shares in the last quarter. Park Avenue Securities LLC grew its position in Invitation Homes by 4.3% in the 2nd quarter. Park Avenue Securities LLC now owns 7,327 shares of the company’s stock valued at $273,000 after acquiring an additional 304 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Invitation Homes by 2.4% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 14,890 shares of the company’s stock valued at $555,000 after acquiring an additional 343 shares in the last quarter. Hotaling Investment Management LLC grew its position in Invitation Homes by 0.8% in the 2nd quarter. Hotaling Investment Management LLC now owns 44,905 shares of the company’s stock valued at $1,675,000 after acquiring an additional 354 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its position in Invitation Homes by 3.0% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 17,030 shares of the company’s stock valued at $545,000 after acquiring an additional 500 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

NYSE INVH traded up $0.37 on Thursday, reaching $40.23. The stock had a trading volume of 19,708 shares, compared to its average volume of 4,650,496. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.58 and a current ratio of 0.58. Invitation Homes Inc. has a 12-month low of $26.87 and a 12-month high of $42.48. The business’s 50-day moving average price is $39.99 and its 200 day moving average price is $37.66. The stock has a market cap of $23.19 billion, a P/E ratio of 102.97, a price-to-earnings-growth ratio of 2.66 and a beta of 0.86.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 28th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.23). Invitation Homes had a net margin of 11.69% and a return on equity of 2.59%. The firm had revenue of $491.63 million during the quarter, compared to analysts’ expectations of $482.59 million. On average, sell-side analysts predict that Invitation Homes Inc. will post 1.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Tuesday, August 10th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, August 9th. Invitation Homes’s dividend payout ratio (DPR) is presently 53.13%.

A number of brokerages have recently commented on INVH. Zacks Investment Research raised Invitation Homes from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, October 6th. Royal Bank of Canada boosted their price objective on Invitation Homes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Thursday, September 23rd. They set a “buy” rating and a $47.00 price objective for the company. Morgan Stanley boosted their target price on Invitation Homes from $45.00 to $48.50 and gave the stock an “overweight” rating in a research note on Friday, August 20th. Finally, Wells Fargo & Company boosted their target price on Invitation Homes from $37.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, June 21st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Invitation Homes has an average rating of “Buy” and an average price target of $44.46.

Invitation Homes Profile

Invitation Homes, Inc engages in the acquisition, renovation, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments. Its services include property management, selection of homes, maintenance program, and online payment. The company was founded by Marcus Ridgway, Dallas Tanner, and Brad Greiwe in 2012 and is headquartered in Dallas, TX.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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