Invitation Homes Inc. (NYSE:INVH) Shares Bought by Quarry LP

Quarry LP raised its stake in Invitation Homes Inc. (NYSE:INVH) by 1,368.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,966 shares of the company’s stock after acquiring an additional 3,696 shares during the period. Quarry LP’s holdings in Invitation Homes were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Canada Pension Plan Investment Board boosted its stake in shares of Invitation Homes by 27.2% during the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after buying an additional 3,351,424 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Invitation Homes by 66.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after buying an additional 2,169,522 shares during the period. First Financial Bankshares Inc acquired a new stake in shares of Invitation Homes during the fourth quarter worth about $45,104,000. Cohen & Steers Inc. boosted its stake in shares of Invitation Homes by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after buying an additional 1,008,392 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Invitation Homes by 109.3% during the first quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock worth $40,644,000 after buying an additional 595,988 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INVH. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. UBS Group raised their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada downgraded shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $37.00 to $36.00 in a research report on Monday, September 9th. The Goldman Sachs Group began coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. Finally, Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and dropped their target price for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Invitation Homes presently has an average rating of “Moderate Buy” and an average target price of $39.05.

Invitation Homes Trading Up 0.7 %

Shares of INVH opened at $35.26 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a 50 day simple moving average of $35.79 and a 200-day simple moving average of $35.25. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $37.80. The stock has a market cap of $21.60 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 4.56 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The firm had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. Equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.18%. Invitation Homes’s dividend payout ratio (DPR) is currently 128.74%.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management 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.