Machina Capital S.A.S. Makes New Investment in Invitation Homes Inc (NYSE:INVH)

Machina Capital S.A.S. purchased a new position in Invitation Homes Inc (NYSE:INVH) during the 2nd quarter, HoldingsChannel reports. The firm purchased 19,591 shares of the company’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oakbrook Investments LLC acquired a new stake in Invitation Homes in the 2nd quarter valued at $225,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Invitation Homes by 2.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 323,682 shares of the company’s stock valued at $8,652,000 after buying an additional 8,600 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Invitation Homes by 18.1% in the 2nd quarter. NEXT Financial Group Inc now owns 2,919 shares of the company’s stock valued at $78,000 after buying an additional 447 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Invitation Homes by 40.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 26,454 shares of the company’s stock valued at $707,000 after buying an additional 7,609 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in Invitation Homes by 4.3% in the 2nd quarter. First Hawaiian Bank now owns 16,080 shares of the company’s stock valued at $430,000 after buying an additional 670 shares in the last quarter.

Several brokerages have issued reports on INVH. BTIG Research set a $27.00 price objective on Invitation Homes and gave the company a “buy” rating in a research report on Tuesday, May 14th. Raymond James reiterated a “buy” rating and issued a $0.65 price objective on shares of DB Commodity Double Short ETN in a research report on Wednesday, May 15th. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Zacks Investment Research downgraded CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Finally, Evercore ISI downgraded Invitation Homes from an “outperform” rating to an “in-line” rating in a research report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Invitation Homes currently has a consensus rating of “Buy” and a consensus price target of $27.92.

In other news, major shareholder Brep Ih6 Holdings Llc sold 40,000,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $25.21, for a total transaction of $1,008,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Blackstone II sold 37,500,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $27.43, for a total value of $1,028,625,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,529,925 shares of company stock valued at $2,037,768,038. 0.25% of the stock is currently owned by corporate insiders.

INVH traded down $0.13 during trading on Wednesday, hitting $27.63. The company’s stock had a trading volume of 186,077 shares, compared to its average volume of 4,757,483. The company’s 50 day moving average price is $27.33. 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 Inc has a 12 month low of $19.21 and a 12 month high of $28.17. The company has a market capitalization of $14.37 billion, a PE ratio of 120.83, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42.

Invitation Homes (NYSE:INVH) last released its earnings results on Tuesday, July 30th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.24). The firm had revenue of $442.00 million for the quarter, compared to the consensus estimate of $442.81 million. Invitation Homes had a return on equity of 1.10% and a net margin of 1.89%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, analysts predict that Invitation Homes Inc will post 1.26 earnings per share for the current year.

About Invitation Homes

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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