Invitation Homes Inc (INVH) Expected to Earn FY2017 Earnings of $1.06 Per Share

Invitation Homes Inc (NYSE:INVH) – B. Riley issued their FY2017 EPS estimates for Invitation Homes in a report issued on Tuesday, according to Zacks Investment Research. B. Riley analyst D. Corak expects that the company will post earnings per share of $1.06 for the year. B. Riley has a “Buy” rating and a $26.00 price target on the stock. B. Riley also issued estimates for Invitation Homes’ Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.25 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.38 EPS.

A number of other brokerages have also recently issued reports on INVH. Mizuho assumed coverage on Invitation Homes in a research note on Thursday, December 14th. They issued a “buy” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Invitation Homes in a research note on Tuesday, December 12th. They issued an “overweight” rating on the stock. Evercore ISI set a $26.00 price objective on Invitation Homes and gave the company an “outperform” rating in a research note on Monday, November 27th. Citigroup assumed coverage on Invitation Homes in a research note on Friday, December 8th. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Deutsche Bank restated a “buy” rating and issued a $26.00 price objective on shares of Invitation Homes in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $25.06.

Shares of Invitation Homes (NYSE:INVH) opened at $22.87 on Thursday. Invitation Homes has a 52 week low of $19.80 and a 52 week high of $24.30. The stock has a market capitalization of $11,900.00 and a PE ratio of -84.70. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59.

Several hedge funds have recently bought and sold shares of INVH. Great West Life Assurance Co. Can bought a new position in shares of Invitation Homes in the second quarter worth approximately $805,000. Schwab Charles Investment Management Inc. increased its position in shares of Invitation Homes by 228.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 744,900 shares of the company’s stock worth $16,113,000 after purchasing an additional 517,842 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Invitation Homes in the second quarter worth approximately $2,140,000. Legal & General Group Plc increased its position in shares of Invitation Homes by 44.7% in the second quarter. Legal & General Group Plc now owns 188,517 shares of the company’s stock worth $4,077,000 after purchasing an additional 58,211 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Invitation Homes by 8.4% in the second quarter. BNP Paribas Arbitrage SA now owns 28,114 shares of the company’s stock worth $608,000 after purchasing an additional 2,171 shares during the last quarter.

In other news, Director John Bartling sold 188,850 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the sale, the director now directly owns 482,665 shares in the company, valued at $11,154,388.15. The sale was disclosed in a document filed with the SEC, which is available at this link.

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Invitation Homes 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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Earnings History and Estimates for Invitation Homes (NYSE:INVH)

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