Highbridge Capital Management LLC Invests $16.25 Million in Invitation Home Inc. (INVH)

Highbridge Capital Management LLC purchased a new position in shares of Invitation Home Inc. (NYSE:INVH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 744,168 shares of the company’s stock, valued at approximately $16,245,000.

A number of other hedge funds have also made changes to their positions in INVH. Vanguard Group Inc. purchased a new position in Invitation Home during the first quarter worth about $159,769,000. FMR LLC purchased a new position in Invitation Home during the first quarter worth about $149,699,000. APG Asset Management US Inc. purchased a new position in Invitation Home during the first quarter worth about $141,895,000. BlackRock Inc. purchased a new position in Invitation Home during the first quarter worth about $92,688,000. Finally, JPMorgan Chase & Co. purchased a new position in Invitation Home during the first quarter worth about $91,316,000.

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

Invitation Home Inc. (NYSE INVH) traded down 1.07% during midday trading on Friday, reaching $21.23. 3,989,196 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $21.52 and its 200-day moving average price is $21.46. Invitation Home Inc. has a one year low of $19.80 and a one year high of $22.43. The stock’s market cap is $6.59 billion.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $238.80 million during the quarter, compared to analysts’ expectations of $238.10 million. The business’s revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that Invitation Home Inc. will post ($0.06) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, May 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.13%.

COPYRIGHT VIOLATION NOTICE: “Highbridge Capital Management LLC Invests $16.25 Million in Invitation Home Inc. (INVH)” was originally published by sleekmoney and is the property of of sleekmoney. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://sleekmoney.com/highbridge-capital-management-llc-invests-16-25-million-in-invitation-home-inc-invh/1916348.html.

A number of brokerages recently weighed in on INVH. FBR & Co reissued a “buy” rating on shares of Invitation Home in a report on Saturday, May 13th. Evercore ISI began coverage on shares of Invitation Home in a report on Monday, June 5th. They issued an “outperform” rating and a $24.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $24.00 price target (up from $23.00) on shares of Invitation Home in a report on Tuesday, May 16th. JMP Securities began coverage on shares of Invitation Home in a report on Monday, February 27th. They issued an “outperform” rating and a $25.50 price target on the stock. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Invitation Home in a report on Monday, February 27th. They issued a “neutral” rating and a $21.50 price target on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus 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.

Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Home Inc. (NYSE:INVH).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/highbridge-capital-management-llc-invests-16-25-million-in-invitation-home-inc-invh/1916348.html

Receive News & Ratings for Invitation Home Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Home Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *