Invitation Home Inc. (INVH) Shares Sold by Sumitomo Mitsui Asset Management Company LTD
Sumitomo Mitsui Asset Management Company LTD decreased its position in Invitation Home Inc. (NYSE:INVH) by 60.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,409 shares of the company’s stock after selling 199,320 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Invitation Home were worth $2,820,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position in shares of Invitation Home by 37.8% in the second quarter. Russell Investments Group Ltd. now owns 634,599 shares of the company’s stock valued at $13,699,000 after buying an additional 174,149 shares during the last quarter. APG Asset Management US Inc. increased its stake in shares of Invitation Home by 41.4% in the second quarter. APG Asset Management US Inc. now owns 9,188,089 shares of the company’s stock valued at $198,738,000 after buying an additional 2,688,089 shares during the period. US Bancorp DE increased its stake in shares of Invitation Home by 109.4% in the second quarter. US Bancorp DE now owns 23,124 shares of the company’s stock valued at $500,000 after buying an additional 12,079 shares during the period. Ranger Global Real Estate Advisors LLC bought a new stake in shares of Invitation Home during the second quarter valued at about $8,819,000. Finally, Aperio Group LLC bought a new stake in shares of Invitation Home during the second quarter valued at about $322,000.
Invitation Home Inc. (NYSE INVH) traded up 0.87% during mid-day trading on Friday, hitting $21.92. 4,896,880 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $21.47 and its 200-day moving average price is $21.46. The stock’s market cap is $6.80 billion. Invitation Home Inc. has a 12 month low of $19.80 and a 12 month high of $22.43.
Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $242.22 million for the quarter, compared to analysts’ expectations of $240.58 million. Invitation Home’s revenue was up 5.1% on a year-over-year basis. Equities analysts expect that Invitation Home Inc. will post ($0.09) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.46%. This is a boost from Invitation Home’s previous quarterly dividend of $0.06.
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A number of research firms have recently weighed in on INVH. Zacks Investment Research downgraded shares of Invitation Home from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. FBR & Co reiterated a “buy” rating on shares of Invitation Home in a research report on Saturday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 price target (up from $23.00) on shares of Invitation Home in a research report on Tuesday, May 16th. Evercore ISI began coverage on shares of Invitation Home in a research report on Monday, June 5th. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Zelman & Associates upgraded shares of Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $24.08.
About Invitation Home
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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