Meeder Asset Management Inc. Purchases New Position in Invitation Home Inc. (INVH)
Meeder Asset Management Inc. purchased a new position in Invitation Home Inc. (NYSE:INVH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,266 shares of the company’s stock, valued at approximately $157,000.
Several other institutional investors have also added to or reduced their stakes in INVH. Quantitative Systematic Strategies LLC acquired a new position in Invitation Home during the first quarter worth $413,000. Dalton Greiner Hartman Maher & Co. acquired a new position in Invitation Home during the first quarter worth $5,202,000. State of New Jersey Common Pension Fund D acquired a new position in Invitation Home during the first quarter worth $7,051,000. Russell Investments Group Ltd. acquired a new position in Invitation Home during the first quarter worth $10,048,000. Finally, Scott & Selber Inc. acquired a new position in Invitation Home during the first quarter worth $1,515,000.
Invitation Home Inc. (NYSE:INVH) traded down 0.89% during midday trading on Friday, reaching $23.32. The company’s stock had a trading volume of 2,199,303 shares. Invitation Home Inc. has a 1-year low of $19.80 and a 1-year high of $23.56. The company’s market capitalization is $7.26 billion. The company has a 50 day moving average of $21.71 and a 200-day moving average of $21.52.
Invitation Home (NYSE:INVH) last issued its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to analysts’ expectations of $240.58 million. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Invitation Home Inc. will post ($0.12) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.08 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.37%.
A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 target price on shares of Invitation Home in a report on Friday. Zacks Investment Research cut Invitation Home from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Evercore ISI assumed coverage on Invitation Home in a report on Monday, June 5th. They set an “outperform” rating and a $24.00 target price for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $24.00 target price (up from $23.00) on shares of Invitation Home in a report on Tuesday, May 16th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price 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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