Alpine Woods Capital Investors LLC Maintains Position in Invitation Home Inc. (INVH)

Alpine Woods Capital Investors LLC maintained its stake in Invitation Home Inc. (NYSE:INVH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,230 shares of the company’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Invitation Home were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Salem Investment Counselors Inc. acquired a new stake in Invitation Home during the first quarter valued at approximately $109,000. PNC Financial Services Group Inc. acquired a new stake in Invitation Home during the first quarter valued at approximately $111,000. SG Americas Securities LLC acquired a new stake in Invitation Home during the first quarter valued at approximately $112,000. State of Alaska Department of Revenue acquired a new stake in Invitation Home during the second quarter valued at approximately $136,000. Finally, Meeder Asset Management Inc. acquired a new stake in Invitation Home during the second quarter valued at approximately $157,000.

Shares of Invitation Home Inc. (NYSE INVH) opened at 23.32 on Friday. The stock’s market cap is $7.26 billion. Invitation Home Inc. has a 52-week low of $19.80 and a 52-week high of $23.56. The firm has a 50-day moving average of $21.71 and a 200-day moving average of $21.52.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to the consensus estimate of $240.58 million. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Invitation Home Inc. will post ($0.12) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders 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 1.37%. This is a positive change from Invitation Home’s previous quarterly dividend of $0.06.

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INVH has been the subject of several research analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price target on shares of Invitation Home in a research report on Friday. FBR & Co restated a “buy” rating on shares of Invitation Home in a research report on Saturday, May 13th. Evercore ISI initiated 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. Royal Bank Of Canada restated an “outperform” rating and issued a $24.00 price target (up previously from $23.00) on shares of Invitation Home in a research report on Tuesday, May 16th. Finally, Zacks Investment Research upgraded shares of Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $24.31.

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.