BlackRock Inc. grew its position in shares of Invitation Home Inc. (NYSE:INVH) by 16.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,955,788 shares of the company’s stock after purchasing an additional 709,908 shares during the quarter. BlackRock Inc. owned approximately 1.60% of Invitation Home worth $107,194,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Standard Life Investments LTD boosted its holdings in Invitation Home by 4.6% during the 2nd quarter. Standard Life Investments LTD now owns 1,845,639 shares of the company’s stock valued at $39,912,000 after acquiring an additional 80,584 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Invitation Home by 103.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 332,727 shares of the company’s stock valued at $7,197,000 after acquiring an additional 169,539 shares during the period. Teachers Advisors LLC boosted its holdings in Invitation Home by 34.0% during the 2nd quarter. Teachers Advisors LLC now owns 705,086 shares of the company’s stock valued at $15,251,000 after acquiring an additional 178,872 shares during the period. Alliancebernstein L.P. boosted its holdings in Invitation Home by 1,199.3% during the 2nd quarter. Alliancebernstein L.P. now owns 234,050 shares of the company’s stock valued at $5,063,000 after acquiring an additional 216,037 shares during the period. Finally, AXA boosted its holdings in Invitation Home by 475.1% during the 2nd quarter. AXA now owns 226,600 shares of the company’s stock valued at $4,901,000 after acquiring an additional 187,200 shares during the period. Hedge funds and other institutional investors own 99.96% of the company’s stock.

Several equities research analysts recently weighed in on INVH shares. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Zacks Investment Research upgraded Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods upgraded Invitation Home from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $23.00 to $22.00 in a report on Monday, August 14th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $24.50.

Shares of Invitation Home Inc. (NYSE INVH) opened at 22.80 on Thursday. The firm has a 50-day moving average price of $22.63 and a 200 day moving average price of $21.93. Invitation Home Inc. has a 12-month low of $19.80 and a 12-month high of $23.56. The stock’s market cap is $7.10 billion.

Invitation Home (NYSE:INVH) last announced its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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. The business’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Invitation Home Inc. will post ($0.10) earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, October 23rd. This represents a $0.32 annualized dividend and a dividend yield of 1.40%.

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Invitation Home Company Profile

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

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