Invitation Homes Inc (NYSE:INVH) Position Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in shares of Invitation Homes Inc (NYSE:INVH) by 38.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 68,556 shares of the company’s stock after buying an additional 18,862 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Invitation Homes were worth $1,833,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Invitation Homes by 11.4% during the first quarter. BlackRock Inc. now owns 28,528,818 shares of the company’s stock worth $694,106,000 after purchasing an additional 2,926,081 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Invitation Homes by 13.5% during the first quarter. Principal Financial Group Inc. now owns 23,416,592 shares of the company’s stock worth $569,726,000 after purchasing an additional 2,783,568 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Invitation Homes by 19.5% during the first quarter. Daiwa Securities Group Inc. now owns 13,349,812 shares of the company’s stock worth $324,801,000 after purchasing an additional 2,174,523 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Invitation Homes by 34.1% during the first quarter. JPMorgan Chase & Co. now owns 7,143,735 shares of the company’s stock worth $173,808,000 after purchasing an additional 1,817,076 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Invitation Homes by 11.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,014,865 shares of the company’s stock worth $80,618,000 after purchasing an additional 413,086 shares during the last quarter.

In related news, major shareholder Brep Ih6 Holdings Llc sold 40,000,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $25.21, for a total transaction of $1,008,400,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Charles D. Young sold 29,925 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $24.83, for a total transaction of $743,037.75. Following the sale, the chief operating officer now owns 176,184 shares in the company, valued at approximately $4,374,648.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,529,925 shares of company stock worth $2,037,768,038. 0.25% of the stock is owned by company insiders.

Several equities analysts have recently commented on the stock. Raymond James increased their price target on shares of Invitation Homes from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 15th. Keefe, Bruyette & Woods cut shares of Invitation Homes from an “outperform” rating to a “market perform” rating and set a $28.50 price target on the stock. in a research report on Friday, July 19th. Evercore ISI cut shares of Invitation Homes from an “outperform” rating to an “in-line” rating in a research report on Monday, June 10th. BTIG Research set a $27.00 price target on shares of Invitation Homes and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Zacks Investment Research raised shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, June 19th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $27.92.

INVH traded up $0.22 on Friday, hitting $27.67. 1,952,061 shares of the company’s stock were exchanged, compared to its average volume of 4,066,582. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 120.30, a PEG ratio of 3.49 and a beta of 0.42. Invitation Homes Inc has a twelve month low of $19.21 and a twelve month high of $28.17. The company’s fifty day simple moving average is $27.37. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.12.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.24). The business had revenue of $442.00 million for the quarter, compared to analyst estimates of $442.81 million. Invitation Homes had a return on equity of 1.40% and a net margin of 4.91%. Invitation Homes’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. On average, equities analysts expect that Invitation Homes Inc will post 1.26 EPS for the current fiscal year.

Invitation Homes Company Profile

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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