6,504 Shares in Invitation Homes Inc. (NYSE:INVH) Acquired by Cherry Creek Investment Advisors Inc.

Cherry Creek Investment Advisors Inc. bought a new position in shares of Invitation Homes Inc. (NYSE:INVH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,504 shares of the company’s stock, valued at approximately $243,000.

Other large investors have also recently made changes to their positions in the company. MML Investors Services LLC increased its holdings in shares of Invitation Homes by 4.1% in the first quarter. MML Investors Services LLC now owns 7,296 shares of the company’s stock valued at $233,000 after buying an additional 288 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Invitation Homes by 4.3% in the second quarter. Park Avenue Securities LLC now owns 7,327 shares of the company’s stock valued at $273,000 after buying an additional 304 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Invitation Homes by 2.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 14,890 shares of the company’s stock valued at $555,000 after buying an additional 343 shares in the last quarter. Hotaling Investment Management LLC increased its holdings in shares of Invitation Homes by 0.8% in the second quarter. Hotaling Investment Management LLC now owns 44,905 shares of the company’s stock valued at $1,675,000 after buying an additional 354 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its position in Invitation Homes by 3.0% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 17,030 shares of the company’s stock worth $545,000 after purchasing an additional 500 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of INVH stock traded up $0.30 on Thursday, hitting $40.16. The company’s stock had a trading volume of 18,126 shares, compared to its average volume of 4,650,496. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.58 and a quick ratio of 0.58. Invitation Homes Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $42.48. The firm’s fifty day moving average price is $39.99 and its 200-day moving average price is $37.66. The stock has a market capitalization of $23.15 billion, a price-to-earnings ratio of 102.21, a P/E/G ratio of 2.66 and a beta of 0.86.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, July 28th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.23). Invitation Homes had a net margin of 11.69% and a return on equity of 2.59%. The business had revenue of $491.63 million during the quarter, compared to analyst estimates of $482.59 million. Analysts predict that Invitation Homes Inc. will post 1.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Tuesday, August 10th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, August 9th. Invitation Homes’s payout ratio is presently 53.13%.

Several equities analysts have weighed in on the stock. Zelman & Associates cut shares of Invitation Homes from a “buy” rating to a “hold” rating in a research report on Thursday, June 24th. Royal Bank of Canada lifted their price objective on shares of Invitation Homes from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. B. Riley lifted their price objective on shares of Invitation Homes from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, August 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invitation Homes from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, September 23rd. Finally, The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research report on Thursday, September 23rd. They set a “buy” rating and a $47.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Invitation Homes has a consensus rating of “Buy” and a consensus price target of $44.46.

Invitation Homes Profile

Invitation Homes, Inc engages in the acquisition, renovation, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments. Its services include property management, selection of homes, maintenance program, and online payment. The company was founded by Marcus Ridgway, Dallas Tanner, and Brad Greiwe in 2012 and is headquartered in Dallas, TX.

Further Reading: What does a hold rating mean?

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

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