Manning & Napier Group LLC trimmed its stake in shares of Invitation Homes Inc (NYSE:INVH) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,230 shares of the company’s stock after selling 3,220 shares during the quarter. Manning & Napier Group LLC owned approximately 0.06% of Invitation Homes worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of INVH. Principal Financial Group Inc. lifted its holdings in Invitation Homes by 5.2% in the 1st quarter. Principal Financial Group Inc. now owns 22,203,550 shares of the company’s stock worth $506,907,000 after buying an additional 1,099,007 shares during the period. Security Capital Research & Management Inc. lifted its holdings in Invitation Homes by 86.1% in the 2nd quarter. Security Capital Research & Management Inc. now owns 2,116,200 shares of the company’s stock worth $48,800,000 after buying an additional 979,150 shares during the period. Legal & General Group Plc lifted its holdings in Invitation Homes by 89.2% in the 1st quarter. Legal & General Group Plc now owns 1,818,513 shares of the company’s stock worth $41,517,000 after buying an additional 857,446 shares during the period. Citadel Advisors LLC lifted its holdings in Invitation Homes by 283.0% in the 2nd quarter. Citadel Advisors LLC now owns 1,072,944 shares of the company’s stock worth $24,742,000 after buying an additional 792,832 shares during the period. Finally, Cbre Clarion Securities LLC lifted its holdings in Invitation Homes by 5.8% in the 2nd quarter. Cbre Clarion Securities LLC now owns 12,378,674 shares of the company’s stock worth $285,452,000 after buying an additional 682,379 shares during the period.
Separately, Raymond James increased their price objective on Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 21st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.83.
INVH opened at $21.10 on Friday. The company has a market capitalization of $11.93 billion, a PE ratio of 81.15, a PEG ratio of 3.40 and a beta of -0.41. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.75 and a quick ratio of 0.75. Invitation Homes Inc has a 52 week low of $20.25 and a 52 week high of $24.30.
Invitation Homes (NYSE:INVH) last released its earnings results on Thursday, August 9th. The company reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The company had revenue of $432.00 million during the quarter, compared to analysts’ expectations of $431.24 million. Invitation Homes had a negative return on equity of 0.98% and a negative net margin of 6.99%. The firm’s revenue for the quarter was up 78.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. As a group, research analysts expect that Invitation Homes Inc will post 1.18 earnings per share for the current fiscal year.
In other news, Director Barry S. Sternlicht sold 1,309,849 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $23.55, for a total value of $30,846,943.95. Following the completion of the transaction, the director now owns 5,482 shares in the company, valued at approximately $129,101.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.
Invitation Homes 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.
Featured Article: Do stock splits help investors?
Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Homes Inc (NYSE:INVH).
Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.