Investors sold shares of Invitation Homes Inc (NYSE:INVH) on strength during trading on Tuesday. $13.28 million flowed into the stock on the tick-up and $42.24 million flowed out of the stock on the tick-down, for a money net flow of $28.96 million out of the stock. Of all companies tracked, Invitation Homes had the 28th highest net out-flow for the day. Invitation Homes traded up $0.20 for the day and closed at $22.95
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating in a research note on Thursday, May 31st. Morgan Stanley decreased their price target on shares of Invitation Homes from $27.00 to $24.50 and set an “overweight” rating for the company in a research note on Thursday, June 14th. TheStreet downgraded shares of Invitation Homes from a “c-” rating to a “d+” rating in a research note on Wednesday, June 13th. Robert W. Baird began coverage on shares of Invitation Homes in a research note on Wednesday, March 28th. They issued an “outperform” rating and a $25.00 price target for the company. Finally, B. Riley began coverage on shares of Invitation Homes in a research note on Monday, March 12th. They issued a “buy” rating and a $26.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Invitation Homes currently has an average rating of “Buy” and a consensus target price of $25.65.
The company has a market capitalization of $11.76 billion, a PE ratio of 88.42, a PEG ratio of 3.25 and a beta of -0.51. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.63 and a current ratio of 0.63.
Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Monday, May 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.31). The company had revenue of $423.70 million during the quarter, compared to the consensus estimate of $415.58 million. Invitation Homes had a negative return on equity of 1.31% and a negative net margin of 6.50%. Invitation Homes’s quarterly revenue was up 77.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. equities analysts anticipate that Invitation Homes Inc will post 1.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Tuesday, May 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Monday, May 14th. Invitation Homes’s dividend payout ratio (DPR) is presently 169.23%.
A number of institutional investors and hedge funds have recently made changes to their positions in INVH. Comerica Bank purchased a new stake in Invitation Homes in the fourth quarter worth about $770,000. Aperio Group LLC grew its holdings in Invitation Homes by 163.1% in the fourth quarter. Aperio Group LLC now owns 28,109 shares of the company’s stock worth $663,000 after purchasing an additional 17,426 shares during the period. California Public Employees Retirement System grew its holdings in Invitation Homes by 1,825.5% in the fourth quarter. California Public Employees Retirement System now owns 192,142 shares of the company’s stock worth $4,529,000 after purchasing an additional 182,163 shares during the period. KBC Group NV purchased a new stake in Invitation Homes in the fourth quarter worth about $157,000. Finally, First Trust Advisors LP grew its holdings in Invitation Homes by 183.0% in the fourth quarter. First Trust Advisors LP now owns 66,231 shares of the company’s stock worth $1,561,000 after purchasing an additional 42,829 shares during the period.
About Invitation Homes
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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