Invitation Homes Target of Unusually Large Options Trading (INVH)

Invitation Homes Inc (NYSE:INVH) was the target of some unusual options trading on Wednesday. Traders purchased 1,734 put options on the stock. This represents an increase of approximately 1,989% compared to the average volume of 83 put options.

Invitation Homes (NYSE:INVH) opened at $20.85 on Thursday. Invitation Homes has a one year low of $20.25 and a one year high of $24.30. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.84.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 21st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $329.95 million for the quarter, compared to analyst estimates of $330.16 million. Invitation Homes had a negative return on equity of 2.85% and a negative net margin of 9.01%. The company’s revenue was up 40.7% compared to the same quarter last year. equities analysts anticipate that Invitation Homes will post 1.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, February 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.08.

In related news, Director John Bartling sold 188,850 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total value of $4,364,323.50. Following the transaction, the director now owns 482,665 shares in the company, valued at $11,154,388.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pensionfund DSM Netherlands acquired a new stake in shares of Invitation Homes during the fourth quarter worth about $609,000. Principal Financial Group Inc. grew its holdings in shares of Invitation Homes by 22.3% during the third quarter. Principal Financial Group Inc. now owns 7,997,265 shares of the company’s stock worth $181,138,000 after buying an additional 1,459,063 shares in the last quarter. Capital Growth Management LP bought a new position in shares of Invitation Homes during the third quarter worth about $45,300,000. RMR Advisors LLC bought a new position in shares of Invitation Homes during the fourth quarter worth about $1,103,000. Finally, APG Asset Management US Inc. grew its holdings in shares of Invitation Homes by 18.6% during the third quarter. APG Asset Management US Inc. now owns 10,900,582 shares of the company’s stock worth $246,898,000 after buying an additional 1,712,493 shares in the last quarter.

Several equities analysts recently issued reports on INVH shares. B. Riley reiterated a “buy” rating and issued a $26.00 price target on shares of Invitation Homes in a report on Thursday, November 9th. Evercore ISI set a $26.00 price target on Invitation Homes and gave the company an “outperform” rating in a report on Monday, November 27th. Deutsche Bank reiterated a “buy” rating and issued a $26.00 price target on shares of Invitation Homes in a report on Wednesday, November 29th. Citigroup started coverage on Invitation Homes in a report on Friday, December 8th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Invitation Homes in a report on Tuesday, December 12th. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Invitation Homes has an average rating of “Buy” and an average target price of $25.06.

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About Invitation Homes

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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