Ranger Global Real Estate Advisors LLC Buys Shares of 254,653 Invitation Homes Inc. (NYSE:INVH)

Ranger Global Real Estate Advisors LLC bought a new stake in Invitation Homes Inc. (NYSE:INVHGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 254,653 shares of the company’s stock, valued at approximately $10,232,000. Invitation Homes makes up about 0.7% of Ranger Global Real Estate Advisors LLC’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also recently bought and sold shares of INVH. Loomis Sayles & Co. L P bought a new stake in shares of Invitation Homes during the fourth quarter worth $27,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Invitation Homes by 526.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company’s stock worth $27,000 after acquiring an additional 558 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Invitation Homes during the first quarter worth $30,000. Anson Funds Management LP bought a new stake in shares of Invitation Homes during the first quarter worth $42,000. Finally, WASHINGTON TRUST Co bought a new stake in shares of Invitation Homes during the first quarter worth $60,000. Institutional investors own 95.52% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH stock opened at $39.55 on Friday. The stock has a market cap of $24.14 billion, a P/E ratio of 69.39, a P/E/G ratio of 3.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.10 and a quick ratio of 0.10. The company has a fifty day moving average price of $37.40 and a two-hundred day moving average price of $38.12. Invitation Homes Inc. has a one year low of $33.15 and a one year high of $45.80.

Invitation Homes (NYSE:INVHGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). The firm had revenue of $557.30 million during the quarter, compared to analyst estimates of $548.52 million. Invitation Homes had a net margin of 16.37% and a return on equity of 3.66%. As a group, equities analysts predict that Invitation Homes Inc. will post 1.65 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Monday, August 8th. Invitation Homes’s dividend payout ratio is currently 154.39%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INVH. Raymond James reissued a “strong-buy” rating and set a $44.00 price objective (down previously from $48.00) on shares of Invitation Homes in a research report on Thursday, June 23rd. Morgan Stanley increased their price objective on shares of Invitation Homes from $40.50 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, August 25th. KeyCorp reduced their target price on shares of Invitation Homes from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, June 28th. The Goldman Sachs Group increased their target price on shares of Invitation Homes from $40.50 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, Evercore ISI set a $42.00 target price on shares of Invitation Homes in a report on Monday, June 20th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and an average price target of $44.50.

Invitation Homes Profile

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Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

Further Reading

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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