CenterBook Partners LP Purchases New Holdings in Invitation Homes $INVH

Key Points

• CenterBook Partners opened a new Invitation Homes position, buying 47,685 shares valued at about $1.26 million in the third quarter. Institutional investors and hedge funds own 96.79% of the stock.
• Invitation Homes reported quarterly EPS of $0.27, beating the $0.18 consensus estimate, while revenue rose 6.3% year over year to $731.28 million—below analyst expectations of $742.55 million.
• The company’s quarterly dividend was $0.30 per share, equivalent to a 4.4% annualized yield. Analysts’ consensus rating was “Hold,” with an average price target of $32.

CenterBook Partners LP purchased a new position in shares of Invitation Homes (NYSE:INVH - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,685 shares of the company's stock, valued at approximately $1,256,000.

Several other large investors have also bought and sold shares of INVH. Platform Technology Partners bought a new stake in shares of Invitation Homes during the 3rd quarter valued at $240,000. Chicago Partners Investment Group LLC boosted its position in shares of Invitation Homes by 332.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 36,167 shares of the company's stock worth $996,000 after purchasing an additional 27,813 shares during the last quarter. Rakuten Investment Management Inc. boosted its position in shares of Invitation Homes by 8.2% in the 3rd quarter. Rakuten Investment Management Inc. now owns 96,285 shares of the company's stock worth $2,558,000 after purchasing an additional 7,300 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in shares of Invitation Homes in the 3rd quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invitation Homes during the third quarter worth $3,818,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of INVH stock opened at $27.20 on Tuesday. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.40. Invitation Homes has a 12-month low of $24.25 and a 12-month high of $30.89. The firm has a fifty day moving average of $27.13 and a 200-day moving average of $27.79. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 4.30 and a beta of 0.81.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. Invitation Homes had a return on equity of 7.62% and a net margin of 23.54%. The firm had revenue of $731.28 million for the quarter, compared to analyst estimates of $742.55 million. During the same period in the previous year, the company posted $0.47 earnings per share. The company's revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Invitation Homes will post 1.90 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 24th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. Invitation Homes's dividend payout ratio is 105.26%.

Analyst Ratings Changes

A number of equities research analysts recently commented on INVH shares. Barclays dropped their price objective on Invitation Homes from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, October 14th. Jefferies Financial Group upgraded Invitation Homes to a "hold" rating in a report on Wednesday, July 22nd. BTIG Research set a $32.00 target price on Invitation Homes in a research report on Monday, September 21st. Oppenheimer increased their price target on shares of Invitation Homes from $31.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada cut their price target on shares of Invitation Homes from $31.00 to $29.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 13th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $32.00.

Invitation Homes Company Profile

Invitation Homes Inc NYSE: INVH is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing for individuals and families, with properties generally located in suburban communities and metropolitan areas.

The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.