CenterBook Partners LP Purchases 47,685 Shares of Invitation Homes $INVH

CenterBook Partners LP purchased a new position in shares of Invitation Homes (NYSE:INVH) during the 3rd quarter, Holdings Channel reports. The fund purchased 47,685 shares of the company’s stock, valued at approximately $1,256,000.

A number of other large investors also recently modified their holdings of the business. Platform Technology Partners bought a new stake in Invitation Homes during the third quarter worth about $240,000. Chicago Partners Investment Group LLC boosted its position in Invitation Homes by 332.9% during the third quarter. Chicago Partners Investment Group LLC now owns 36,167 shares of the company’s stock valued at $996,000 after purchasing an additional 27,813 shares during the last quarter. Rakuten Investment Management Inc. grew its stake in Invitation Homes by 8.2% in the third quarter. Rakuten Investment Management Inc. now owns 96,285 shares of the company’s stock valued at $2,558,000 after purchasing an additional 7,300 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in Invitation Homes in the third quarter valued at approximately $50,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Invitation Homes in the third quarter valued at approximately $3,818,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Up 0.4%

Shares of NYSE:INVH opened at $27.20 on Tuesday. Invitation Homes has a 52-week low of $24.25 and a 52-week high of $30.89. The company has a market capitalization of $15.67 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 4.30 and a beta of 0.81. The company has a 50-day simple moving average of $27.13 and a 200 day simple moving average of $27.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.01 and a current ratio of 0.01.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $731.28 million during the quarter, compared to analysts’ expectations of $742.55 million. Invitation Homes had a return on equity of 7.62% and a net margin of 23.54%. Invitation Homes’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. Sell-side analysts forecast that Invitation Homes will post 1.90 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 24th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Thursday, September 24th. Invitation Homes’s dividend payout ratio (DPR) is presently 105.26%.

Analysts Set New Price Targets

Several research analysts have weighed in on INVH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invitation Homes in a research report on Thursday, August 27th. Keefe, Bruyette & Woods increased their price objective on Invitation Homes from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Royal Bank Of Canada decreased their target price on shares of Invitation Homes from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 13th. Wells Fargo & Company lowered their target price on shares of Invitation Homes from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, Oppenheimer upped their price target on shares of Invitation Homes from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Invitation Homes Profile

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing for individuals and families, with properties generally located in suburban communities and metropolitan areas.

The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.