Invitation Homes Sees Unusually Large Options Volume (INVH)

Invitation Homes (NYSE:INVH) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 1,001 call options on the company. This is an increase of approximately 891% compared to the typical volume of 101 call options.

Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB purchased a new position in shares of Invitation Homes during the 4th quarter valued at approximately $685,000. Envestnet Asset Management Inc. boosted its stake in shares of Invitation Homes by 286.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 89,168 shares of the company’s stock valued at $2,101,000 after buying an additional 66,097 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Invitation Homes during the 4th quarter valued at approximately $2,988,000. Salem Investment Counselors Inc. boosted its stake in shares of Invitation Homes by 21.5% during the 4th quarter. Salem Investment Counselors Inc. now owns 18,228 shares of the company’s stock valued at $430,000 after buying an additional 3,228 shares during the last quarter. Finally, Halsey Associates Inc. CT purchased a new position in shares of Invitation Homes during the 4th quarter valued at approximately $9,625,000.

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Shares of NYSE:INVH opened at $22.67 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.13. Invitation Homes has a 52-week low of $20.25 and a 52-week high of $24.30.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Invitation Homes had a negative net margin of 10.02% and a negative return on equity of 2.16%. The company had revenue of $329.95 million during the quarter, compared to the consensus estimate of $330.16 million. The business’s revenue for the quarter was up 40.7% compared to the same quarter last year. analysts anticipate that Invitation Homes will post 1.18 EPS for the current fiscal year.

INVH has been the subject of several recent research reports. Robert W. Baird initiated coverage on shares of Invitation Homes in a research report on Thursday, April 5th. They issued an “outperform” rating for the company. B. Riley initiated coverage on shares of Invitation Homes in a research report on Monday, March 12th. They issued a “buy” rating and a $26.00 price objective for the company. Mizuho reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Invitation Homes in a research report on Tuesday, February 27th. Finally, Zacks Investment Research downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $25.50.

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Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With more than 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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