Schwab Charles Investment Management Inc. Acquires 147,400 Shares of Invitation Homes Inc (INVH)
Schwab Charles Investment Management Inc. increased its holdings in Invitation Homes Inc (NYSE:INVH) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,952,878 shares of the company’s stock after purchasing an additional 147,400 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.57% of Invitation Homes worth $68,094,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Bristol John W & Co. Inc. NY acquired a new position in Invitation Homes during the 1st quarter worth $112,000. PNC Financial Services Group Inc. lifted its position in Invitation Homes by 115.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,980 shares of the company’s stock worth $160,000 after acquiring an additional 3,740 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Invitation Homes during the 2nd quarter worth $205,000. IBM Retirement Fund acquired a new position in Invitation Homes during the 1st quarter worth $249,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Invitation Homes during the 2nd quarter worth $369,000.
A number of research analysts have weighed in on INVH shares. Zacks Investment Research lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Morgan Stanley cut their target price on shares of Invitation Homes from $27.00 to $24.50 and set an “overweight” rating for the company in a research report on Thursday, June 14th. TheStreet lowered shares of Invitation Homes from a “c-” rating to a “d+” rating in a research report on Wednesday, June 13th. Zelman & Associates lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Raymond James boosted their target price on shares of Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Invitation Homes presently has an average rating of “Buy” and an average target price of $25.77.
Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The business had revenue of $432.00 million during the quarter, compared to analyst estimates of $431.24 million. Invitation Homes had a negative net margin of 6.99% and a negative return on equity of 0.98%. The firm’s revenue for the quarter was up 78.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. sell-side analysts expect that Invitation Homes Inc will post 1.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Thursday, August 16th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, August 15th. Invitation Homes’s dividend payout ratio is currently 169.23%.
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 over 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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