New England Research & Management Inc. cut its holdings in Invitation Homes Inc. (NYSE:INVH – Get Rating) by 26.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,019 shares of the company's stock after selling 11,431 shares during the quarter. New England Research & Management Inc.'s holdings in Invitation Homes were worth $1,104,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in INVH. Gotham Asset Management LLC increased its position in shares of Invitation Homes by 12.3% during the fourth quarter. Gotham Asset Management LLC now owns 6,468 shares of the company's stock worth $293,000 after purchasing an additional 708 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Invitation Homes in the 4th quarter valued at $400,000. Blair William & Co. IL purchased a new stake in Invitation Homes in the 4th quarter valued at $592,000. Bluefin Capital Management LLC purchased a new stake in Invitation Homes in the 4th quarter valued at $295,000. Finally, Gillson Capital LP purchased a new stake in Invitation Homes in the 4th quarter valued at $11,180,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.
Get Invitation Homes alerts:Invitation Homes Stock Down 1.6 %
Shares of INVH traded down $0.55 during mid-day trading on Thursday, reaching $33.94. The company's stock had a trading volume of 78,790 shares, compared to its average volume of 11,017,539. Invitation Homes Inc. has a 12-month low of $33.15 and a 12-month high of $45.80. The stock has a market cap of $20.72 billion, a PE ratio of 60.51, a price-to-earnings-growth ratio of 3.03 and a beta of 0.90. 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 company's 50 day moving average is $37.51 and its 200 day moving average is $37.91.
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 business had revenue of $557.30 million during the quarter, compared to analysts' expectations of $548.52 million. Invitation Homes had a net margin of 16.37% and a return on equity of 3.66%. Equities analysts anticipate that Invitation Homes Inc. will post 1.66 EPS for the current fiscal year.Invitation Homes Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Tuesday, August 9th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, August 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.59%. Invitation Homes's dividend payout ratio is presently 154.39%.
Analysts Set New Price Targets
INVH has been the topic of several recent analyst reports. Credit Suisse Group decreased their price target on Invitation Homes from $47.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 22nd. Morgan Stanley upped their price target on Invitation Homes from $40.50 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, August 25th. KeyCorp decreased their price target on Invitation Homes from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 28th. Jefferies Financial Group decreased their target price on Invitation Homes from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Finally, The Goldman Sachs Group increased their target price on Invitation Homes from $40.50 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, August 16th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Invitation Homes has an average rating of "Moderate Buy" and an average price target of $44.29.
Invitation Homes 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
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