BNP Paribas Arbitrage SA lifted its holdings in Invitation Home Inc. (NYSE:INVH) by 8.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,114 shares of the company’s stock after acquiring an additional 2,171 shares during the period. BNP Paribas Arbitrage SA’s holdings in Invitation Home were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of INVH. Blackstone Group L.P. bought a new position in shares of Invitation Home in the 1st quarter worth about $4,801,407,000. Vanguard Group Inc. bought a new position in shares of Invitation Home in the 1st quarter worth about $159,769,000. FMR LLC bought a new position in shares of Invitation Home in the 1st quarter worth about $149,699,000. BlackRock Inc. bought a new position in shares of Invitation Home in the 1st quarter worth about $92,688,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Invitation Home in the 1st quarter worth about $91,316,000.
INVH has been the subject of several research reports. Zacks Investment Research upgraded Invitation Home from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, September 6th. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Keefe, Bruyette & Woods upgraded Invitation Home from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $23.00 to $22.00 in a research note on Monday, August 14th. Evercore ISI initiated coverage on Invitation Home in a research note on Monday, June 5th. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $24.00 target price (up from $23.00) on shares of Invitation Home in a research note on Tuesday, May 16th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $24.38.
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Shares of Invitation Home Inc. (NYSE:INVH) opened at 22.55 on Wednesday. Invitation Home Inc. has a 52 week low of $19.80 and a 52 week high of $23.13. The firm’s market capitalization is $7.02 billion. The stock has a 50 day moving average price of $22.91 and a 200 day moving average price of $21.93.
Invitation Home (NYSE:INVH) last released 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 the consensus estimate of $240.58 million. Invitation Home’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Invitation Home Inc. will post ($0.14) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a $0.08 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, August 11th.
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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