Comerica Bank Boosts Stock Position in Invitation Homes Inc (NYSE:INVH)

Comerica Bank boosted its position in shares of Invitation Homes Inc (NYSE:INVH) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,995 shares of the company’s stock after acquiring an additional 1,993 shares during the quarter. Comerica Bank’s holdings in Invitation Homes were worth $752,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in Invitation Homes by 296.4% during the first quarter. Parallel Advisors LLC now owns 1,546 shares of the company’s stock valued at $38,000 after buying an additional 1,156 shares during the last quarter. Menta Capital LLC bought a new stake in shares of Invitation Homes in the 1st quarter valued at approximately $1,289,000. Pendal Group Ltd bought a new stake in shares of Invitation Homes in the 1st quarter valued at approximately $1,345,000. First Republic Investment Management Inc. lifted its stake in shares of Invitation Homes by 14.2% in the 1st quarter. First Republic Investment Management Inc. now owns 51,517 shares of the company’s stock valued at $1,253,000 after purchasing an additional 6,405 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Invitation Homes by 71.1% in the 1st quarter. SG Americas Securities LLC now owns 76,241 shares of the company’s stock valued at $1,855,000 after purchasing an additional 31,683 shares during the last quarter.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Invitation Homes from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, June 19th. Evercore ISI downgraded Invitation Homes from an “outperform” rating to an “in-line” rating in a report on Monday, June 10th. Raymond James raised their price objective on Invitation Homes from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 15th. BTIG Research set a $27.00 price objective on Invitation Homes and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, TheStreet upgraded Invitation Homes from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $27.80.

In other Invitation Homes news, major shareholder Holdings L.P. Blackstone II sold 37,500,000 shares of Invitation Homes stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $27.43, for a total transaction of $1,028,625,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Brep Ih6 Holdings Llc sold 40,000,000 shares of Invitation Homes stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $25.21, for a total value of $1,008,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 77,529,925 shares of company stock valued at $2,037,768,038 in the last three months. Insiders own 0.25% of the company’s stock.

Shares of NYSE:INVH traded up $0.20 on Friday, reaching $26.73. The company had a trading volume of 9,175,700 shares, compared to its average volume of 3,604,080. Invitation Homes Inc has a 52-week low of $19.21 and a 52-week high of $27.92. The business has a 50 day moving average of $26.11. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 116.22, a PEG ratio of 2.64 and a beta of 0.41. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.12.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.26). Invitation Homes had a net margin of 1.89% and a return on equity of 1.10%. The company had revenue of $435.50 million during the quarter, compared to analysts’ expectations of $434.60 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Invitation Homes Inc will post 1.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.95%. Invitation Homes’s payout ratio is 226.09%.

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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