Steward Partners Investment Advisory LLC bought a new stake in Invitation Homes Inc (NYSE:INVH) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,273 shares of the company’s stock, valued at approximately $194,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Invitation Homes by 11.4% in the 1st quarter. BlackRock Inc. now owns 28,528,818 shares of the company’s stock valued at $694,106,000 after purchasing an additional 2,926,081 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Invitation Homes by 13.5% in the 1st quarter. Principal Financial Group Inc. now owns 23,416,592 shares of the company’s stock valued at $569,726,000 after purchasing an additional 2,783,568 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Invitation Homes by 19.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 13,349,812 shares of the company’s stock valued at $324,801,000 after purchasing an additional 2,174,523 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Invitation Homes by 34.1% in the 1st quarter. JPMorgan Chase & Co. now owns 7,143,735 shares of the company’s stock valued at $173,808,000 after purchasing an additional 1,817,076 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Invitation Homes by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,014,865 shares of the company’s stock valued at $80,618,000 after purchasing an additional 413,086 shares during the last quarter.

In other Invitation Homes news, major shareholder Brep Ih6 Holdings Llc sold 40,000,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $25.21, for a total value of $1,008,400,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Holdings L.P. Blackstone II sold 37,500,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $27.43, for a total transaction of $1,028,625,000.00. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Shares of INVH opened at $27.87 on Wednesday. Invitation Homes Inc has a fifty-two week low of $19.21 and a fifty-two week high of $28.17. The business’s 50 day simple moving average is $27.45. The stock has a market cap of $14.97 billion, a P/E ratio of 121.17, a P/E/G ratio of 3.52 and a beta of 0.42. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.34 and a current ratio of 0.34.

Invitation Homes (NYSE:INVH) last announced its earnings results on Tuesday, July 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.24). Invitation Homes had a return on equity of 1.42% and a net margin of 4.91%. The business had revenue of $442.00 million for the quarter, compared to analysts’ expectations of $442.81 million. During the same period in the previous year, the company earned $0.29 earnings per share. Invitation Homes’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, research analysts predict that Invitation Homes Inc will post 1.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, August 14th. Invitation Homes’s payout ratio is currently 226.09%.

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of Invitation Homes from an “outperform” rating to a “market perform” rating and set a $28.50 price target on the stock. in a research note on Friday, July 19th. Zacks Investment Research raised shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, June 19th. BTIG Research set a $27.00 price target on shares of Invitation Homes and gave the company a “buy” rating in a research note on Tuesday, May 14th. Evercore ISI downgraded shares of Invitation Homes from an “outperform” rating to an “in-line” rating in a research note on Monday, June 10th. Finally, Raymond James boosted their price target on shares of Invitation Homes from $27.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.92.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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