Invitation Homes Inc. (NYSE:INVH – Get Rating) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 10,330 put options on the company. This is an increase of approximately 424% compared to the typical daily volume of 1,971 put options.

Invitation Homes Trading Up 1.7 %

INVH traded up $0.59 during trading on Wednesday, hitting $34.49. The company's stock had a trading volume of 5,129,526 shares, compared to its average volume of 4,735,488. The firm's 50 day moving average price is $37.51 and its 200-day moving average price is $37.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $21.05 billion, a PE ratio of 60.51, a PEG ratio of 3.07 and a beta of 0.90. Invitation Homes has a twelve month low of $33.15 and a twelve month high of $45.80.

Invitation Homes (NYSE:INVH – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.22). The firm had revenue of $557.30 million for the quarter, compared to analyst estimates of $548.52 million. Invitation Homes had a return on equity of 3.66% and a net margin of 16.37%. On average, analysts expect that Invitation Homes will post 1.66 earnings per share for the current year.

Invitation Homes Announces Dividend

Institutional Trading of Invitation Homes

A number of institutional investors have recently added to or reduced their stakes in INVH. Gotham Asset Management LLC boosted its position in Invitation Homes by 12.3% during the 4th quarter. Gotham Asset Management LLC now owns 6,468 shares of the company's stock worth $293,000 after purchasing an additional 708 shares during the period. GSA Capital Partners LLP purchased a new position in Invitation Homes in the 4th quarter valued at about $400,000. Blair William & Co. IL purchased a new position in Invitation Homes in the 4th quarter valued at about $592,000. State Street Corp boosted its position in Invitation Homes by 9.5% in the 4th quarter. State Street Corp now owns 25,760,607 shares of the company's stock valued at $1,167,986,000 after buying an additional 2,243,639 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Invitation Homes by 7.7% in the 4th quarter. Guggenheim Capital LLC now owns 596,641 shares of the company's stock valued at $27,052,000 after buying an additional 42,765 shares during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INVH. Jefferies Financial Group lowered their price target on Invitation Homes from $44.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Evercore ISI lowered their price objective on Invitation Homes from $41.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, September 19th. Oppenheimer began coverage on Invitation Homes in a report on Monday, July 18th. They issued a "market perform" rating and a $39.00 price objective on the stock. Credit Suisse Group lowered their price objective on Invitation Homes from $47.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, June 22nd. Finally, The Goldman Sachs Group lifted their price objective on Invitation Homes from $40.50 to $45.00 and gave the company a "buy" rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.29.

Invitation Homes Company Profile

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Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

Further Reading

• Get a free copy of the StockNews.com research report on Invitation Homes (INVH)
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