Loeb Partners Corp acquired a new position in shares of Invitation Home Inc. (NYSE:INVH) during the second quarter, according to its most recent filing with the SEC. The firm acquired 127,750 shares of the company’s stock, valued at approximately $2,763,000.
Several other hedge funds and other institutional investors have also modified their holdings of INVH. Salem Investment Counselors Inc. purchased a new position in Invitation Home during the first quarter valued at $109,000. PNC Financial Services Group Inc. purchased a new position in Invitation Home during the first quarter valued at $111,000. SG Americas Securities LLC purchased a new position in Invitation Home during the first quarter valued at $112,000. State of Alaska Department of Revenue purchased a new position in Invitation Home during the second quarter valued at $136,000. Finally, Meeder Asset Management Inc. purchased a new position in Invitation Home during the second quarter valued at $157,000.
Invitation Home Inc. (NYSE:INVH) opened at 23.32 on Friday. The company’s market cap is $7.26 billion. Invitation Home Inc. has a one year low of $19.80 and a one year high of $23.56. The stock has a 50 day moving average of $21.71 and a 200-day moving average of $21.52.
Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $242.22 million during the quarter, compared to analyst estimates of $240.58 million. Invitation Home’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts predict that Invitation Home Inc. will post ($0.12) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.37%.
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A number of research firms have weighed in on INVH. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 target price on shares of Invitation Home in a research note on Friday. Zacks Investment Research lowered shares of Invitation Home from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zelman & Associates raised shares of Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Evercore ISI started coverage on shares of Invitation Home in a research report on Monday, June 5th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $24.00 target price (up previously from $23.00) on shares of Invitation Home in a report on Tuesday, May 16th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.31.
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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