OxFORD Asset Management LLP Cuts Stake in Invitation Home Inc. (INVH)
OxFORD Asset Management LLP reduced its position in Invitation Home Inc. (NYSE:INVH) by 68.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,117 shares of the company’s stock after selling 340,783 shares during the period. OxFORD Asset Management LLP’s holdings in Invitation Home were worth $3,355,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Invitation Home during the 1st quarter worth about $109,000. PNC Financial Services Group Inc. acquired a new stake in Invitation Home during the 1st quarter worth approximately $111,000. SG Americas Securities LLC acquired a new stake in Invitation Home during the 1st quarter worth approximately $112,000. State of Alaska Department of Revenue acquired a new stake in Invitation Home during the 2nd quarter worth approximately $136,000. Finally, Meeder Asset Management Inc. acquired a new stake in Invitation Home during the 2nd quarter worth approximately $157,000.
Invitation Home Inc. (INVH) opened at 22.65 on Monday. The stock’s market cap is $7.05 billion. Invitation Home Inc. has a 12-month low of $19.80 and a 12-month high of $23.13. The firm has a 50-day moving average price of $22.56 and a 200-day moving average price of $22.56.
Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Invitation Home Inc. will post ($0.10) EPS for the current fiscal year.
INVH has been the topic of several research reports. Zacks Investment Research upgraded shares of Invitation Home from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, September 6th. Zelman & Associates upgraded shares of Invitation Home from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Keefe, Bruyette & Woods upgraded shares of Invitation Home from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $23.00 to $22.00 in a research note on Monday, August 14th. Finally, Evercore ISI initiated coverage on shares of Invitation Home in a research report on Monday, June 5th. They issued an “outperform” rating and a $24.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $24.38.
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Invitation Home 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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