Employees Retirement System of Texas Cuts Holdings in Invitation Home Inc. (INVH)
Employees Retirement System of Texas decreased its holdings in shares of Invitation Home Inc. (NYSE:INVH) by 35.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 243,000 shares of the company’s stock after selling 135,000 shares during the period. Employees Retirement System of Texas owned 0.08% of Invitation Home worth $5,256,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of INVH. First Trust Advisors LP purchased a new position in Invitation Home during the 1st quarter valued at about $570,000. US Bancorp DE purchased a new position in shares of Invitation Home in the 1st quarter worth approximately $241,000. UBS Asset Management Americas Inc. purchased a new position in shares of Invitation Home in the 1st quarter worth approximately $5,265,000. Parametric Portfolio Associates LLC purchased a new position in shares of Invitation Home in the 1st quarter worth approximately $530,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Invitation Home in the 1st quarter worth approximately $437,000.
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INVH has been the topic of a number of analyst reports. Zelman & Associates raised shares of Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research raised shares of Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $23.00 to $22.00 in a research report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $24.38.
Invitation Home Inc. (NYSE:INVH) opened at 22.73 on Friday. Invitation Home Inc. has a 12 month low of $19.80 and a 12 month high of $23.13. The stock has a 50 day moving average of $22.57 and a 200-day moving average of $22.57. The stock’s market cap is $7.08 billion.
Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to analysts’ expectations of $240.58 million. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that Invitation Home Inc. will post ($0.10) EPS for the current fiscal year.
Invitation Home Company Profile
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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