Pictet Asset Management Ltd. Has $7.78 Million Position in Invitation Homes Inc (NYSE:INVH)

Pictet Asset Management Ltd. lifted its stake in shares of Invitation Homes Inc (NYSE:INVH) by 18.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,626 shares of the company’s stock after purchasing an additional 41,700 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Invitation Homes were worth $7,776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Invitation Homes by 27.6% during the second quarter. Vanguard Group Inc. now owns 62,328,263 shares of the company’s stock worth $1,666,034,000 after buying an additional 13,491,691 shares during the last quarter. BlackRock Inc. increased its stake in shares of Invitation Homes by 13.5% in the second quarter. BlackRock Inc. now owns 32,366,010 shares of the company’s stock worth $865,142,000 after purchasing an additional 3,837,192 shares in the last quarter. State Street Corp grew its stake in Invitation Homes by 21.5% in the 3rd quarter. State Street Corp now owns 23,808,797 shares of the company’s stock valued at $704,978,000 after buying an additional 4,216,941 shares in the last quarter. Bank of America Corp DE increased its position in shares of Invitation Homes by 1,373.2% during the second quarter. Bank of America Corp DE now owns 23,768,299 shares of the company’s stock valued at $635,327,000 after buying an additional 22,154,878 shares during the period. Finally, PGGM Investments grew its position in Invitation Homes by 46.1% during the third quarter. PGGM Investments now owns 8,481,630 shares of the company’s stock worth $251,141,000 after buying an additional 2,677,630 shares in the last quarter.

In other Invitation Homes news, major shareholder Real Estate Partner Blackstone sold 44,000,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $28.18, for a total transaction of $1,239,920,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry S. Sternlicht sold 124,383 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.00, for a total transaction of $3,731,490.00. Following the sale, the director now owns 11,187 shares in the company, valued at approximately $335,610. The disclosure for this sale can be found here. Insiders have sold 102,945,904 shares of company stock worth $3,011,431,150 in the last quarter. 0.25% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on INVH shares. Royal Bank of Canada lifted their price objective on shares of Invitation Homes to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. ValuEngine cut Invitation Homes from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BTIG Research downgraded Invitation Homes from a “buy” rating to a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley lifted their price target on shares of Invitation Homes from $31.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Zacks Investment Research upgraded shares of Invitation Homes from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $30.05.

NYSE INVH opened at $30.08 on Wednesday. Invitation Homes Inc has a 1 year low of $19.21 and a 1 year high of $31.32. The stock has a market capitalization of $16.16 billion, a PE ratio of 130.78, a PEG ratio of 3.19 and a beta of 0.38. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50-day moving average is $30.29 and its 200 day moving average is $28.39.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.24). The business had revenue of $443.33 million during the quarter, compared to analysts’ expectations of $446.66 million. Invitation Homes had a return on equity of 1.83% and a net margin of 6.76%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. As a group, equities research analysts anticipate that Invitation Homes Inc will post 1.22 earnings per share for the current year.

The business also recently announced a dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, November 12th. Invitation Homes’s payout ratio is 226.09%.

About Invitation Homes

Invitation Homes is a leading owner and operator of single-family rental homes, 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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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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