Verition Fund Management LLC Raises Position in Invitation Homes Inc. (NYSE:INVH)

Verition Fund Management LLC raised its holdings in Invitation Homes Inc. (NYSE:INVHGet Rating) by 29.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,828 shares of the company’s stock after buying an additional 5,625 shares during the period. Verition Fund Management LLC’s holdings in Invitation Homes were worth $998,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in shares of Invitation Homes by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,367 shares of the company’s stock worth $537,000 after purchasing an additional 301 shares during the last quarter. Ninepoint Partners LP lifted its position in shares of Invitation Homes by 5.5% during the 1st quarter. Ninepoint Partners LP now owns 6,670 shares of the company’s stock worth $268,000 after purchasing an additional 347 shares during the last quarter. Xponance Inc. lifted its position in shares of Invitation Homes by 5.8% during the 1st quarter. Xponance Inc. now owns 6,835 shares of the company’s stock worth $275,000 after purchasing an additional 373 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Invitation Homes by 10.6% during the 1st quarter. Quadrant Capital Group LLC now owns 4,540 shares of the company’s stock worth $182,000 after purchasing an additional 434 shares during the last quarter. Finally, Hotaling Investment Management LLC raised its stake in Invitation Homes by 1.0% during the 1st quarter. Hotaling Investment Management LLC now owns 47,020 shares of the company’s stock worth $1,889,000 after acquiring an additional 486 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Invitation Homes from $40.50 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, August 25th. Oppenheimer assumed coverage on shares of Invitation Homes in a research note on Monday, July 18th. They set a “market perform” rating and a $39.00 price target on the stock. Evercore ISI cut their price target on shares of Invitation Homes from $41.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday. The Goldman Sachs Group lifted their price target on shares of Invitation Homes from $40.50 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Finally, KeyCorp cut their price target on shares of Invitation Homes from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Invitation Homes currently has an average rating of “Moderate Buy” and an average price target of $44.29.

Invitation Homes Trading Down 2.3 %

Shares of Invitation Homes stock opened at $34.87 on Thursday. Invitation Homes Inc. has a 52-week low of $33.15 and a 52-week high of $45.80. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.53. The company’s 50-day simple moving average is $37.61 and its 200-day simple moving average is $38.07. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of 61.18, a price-to-earnings-growth ratio of 3.29 and a beta of 0.90.

Invitation Homes (NYSE:INVHGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). Invitation Homes had a return on equity of 3.66% and a net margin of 16.37%. The firm had revenue of $557.30 million for the quarter, compared to analyst estimates of $548.52 million. As a group, equities research analysts anticipate that Invitation Homes Inc. will post 1.65 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Tuesday, August 9th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, August 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.52%. Invitation Homes’s dividend payout ratio (DPR) is 154.39%.

About Invitation Homes

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Invitation Homes is the nation's premier single-family home leasing 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.

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

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