Invitation Home Inc. (NYSE:INVH) Stake Raised by State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D boosted its position in Invitation Home Inc. (NYSE:INVH) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 390,500 shares of the company’s stock after buying an additional 67,500 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Invitation Home were worth $8,446,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Invitation Home during the first quarter worth $413,000. Dalton Greiner Hartman Maher & Co. bought a new stake in Invitation Home during the first quarter worth approximately $5,202,000. Russell Investments Group Ltd. bought a new stake in Invitation Home during the first quarter worth approximately $10,048,000. Scott & Selber Inc. bought a new stake in Invitation Home during the first quarter worth approximately $1,515,000. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new stake in Invitation Home during the first quarter worth approximately $7,197,000.
Shares of Invitation Home Inc. (NYSE INVH) opened at 21.81 on Friday. The firm has a 50-day moving average of $21.46 and a 200-day moving average of $21.45. Invitation Home Inc. has a 52-week low of $19.80 and a 52-week high of $22.43. The company’s market cap is $6.77 billion.
Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Invitation Home Inc. will post ($0.09) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from Invitation Home’s previous quarterly dividend of $0.06.
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A number of equities research analysts have commented on INVH shares. 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 downgraded shares of Invitation Home from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Evercore ISI started coverage on shares of Invitation Home in a research report on Monday, June 5th. They issued an “outperform” rating and a $24.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $24.00 target price (up previously from $23.00) on shares of Invitation Home in a research report on Tuesday, May 16th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Invitation Home in a research report on Saturday, May 13th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Invitation Home presently has a consensus rating of “Buy” and a consensus price target of $24.08.
About Invitation Home
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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