Fmr LLC lessened its stake in shares of Invitation Home Inc. (NYSE:INVH) by 45.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,715,379 shares of the company’s stock after selling 3,142,138 shares during the quarter. Fmr LLC owned approximately 1.20% of Invitation Home worth $80,364,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blackstone Group L.P. bought a new stake in Invitation Home during the 1st quarter valued at $4,801,407,000. APG Asset Management US Inc. boosted its position in Invitation Home by 41.4% during the 2nd quarter. APG Asset Management US Inc. now owns 9,188,089 shares of the company’s stock valued at $198,738,000 after acquiring an additional 2,688,089 shares in the last quarter. Vanguard Group Inc. bought a new stake in Invitation Home during the 1st quarter valued at $159,769,000. Principal Financial Group Inc. boosted its position in Invitation Home by 59.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,538,202 shares of the company’s stock valued at $141,422,000 after acquiring an additional 2,448,615 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Invitation Home by 16.7% during the 2nd quarter. BlackRock Inc. now owns 4,955,788 shares of the company’s stock valued at $107,194,000 after acquiring an additional 709,908 shares in the last quarter.
INVH has been the topic of several recent research reports. FBR & Co reaffirmed a “buy” rating on shares of Invitation Home in a research report on Thursday, September 21st. Zacks Investment Research cut Invitation Home from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 target price on shares of Invitation Home in a research report on Friday, August 18th. Zelman & Associates raised Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, BTIG Research initiated coverage on Invitation Home in a research report on Monday. They set a “buy” rating and a $26.00 target price on the stock. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $24.50.
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Invitation Home (NYSE:INVH) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to analyst estimates of $240.58 million. The business’s revenue was up 5.1% compared to the same quarter last year.
About Invitation Home
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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