Invitation Homes Inc (NYSE:INVH) Expected to Earn Q2 2019 Earnings of $0.31 Per Share

Invitation Homes Inc (NYSE:INVH) – Equities research analysts at B. Riley issued their Q2 2019 earnings per share estimates for Invitation Homes in a note issued to investors on Monday, June 24th, according to Zacks Investment Research. B. Riley analyst A. Rygiel forecasts that the company will earn $0.31 per share for the quarter. B. Riley also issued estimates for Invitation Homes’ Q3 2019 earnings at $0.31 EPS and Q4 2019 earnings at $0.32 EPS.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Invitation Homes had a net margin of 1.89% and a return on equity of 1.10%. The business had revenue of $435.50 million during the quarter, compared to analyst estimates of $434.60 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Evercore ISI downgraded Invitation Homes from an “outperform” rating to an “in-line” rating in a research note on Monday, June 10th. BTIG Research set a $27.00 price target on Invitation Homes and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Finally, Raymond James reissued a “buy” rating and set a $0.65 price objective on shares of DB Commodity Double Short ETN in a report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Invitation Homes currently has a consensus rating of “Buy” and an average price target of $27.80.

INVH stock traded down $0.13 during trading on Wednesday, reaching $27.70. 2,896,917 shares of the stock were exchanged, compared to its average volume of 3,788,272. The business’s 50 day simple moving average is $26.99. Invitation Homes has a twelve month low of $19.21 and a twelve month high of $28.17. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 120.43, a P/E/G ratio of 3.55 and a beta of 0.42.

Several hedge funds have recently added to or reduced their stakes in INVH. Cohen & Steers Inc. grew its holdings in shares of Invitation Homes by 11.8% in the fourth quarter. Cohen & Steers Inc. now owns 38,017,950 shares of the company’s stock valued at $763,400,000 after acquiring an additional 4,011,363 shares in the last quarter. Norges Bank bought a new position in shares of Invitation Homes in the fourth quarter valued at approximately $69,745,000. BlackRock Inc. grew its holdings in shares of Invitation Homes by 11.4% in the first quarter. BlackRock Inc. now owns 28,528,818 shares of the company’s stock valued at $694,106,000 after acquiring an additional 2,926,081 shares in the last quarter. Zimmer Partners LP grew its holdings in shares of Invitation Homes by 58.2% in the fourth quarter. Zimmer Partners LP now owns 7,874,801 shares of the company’s stock valued at $158,126,000 after acquiring an additional 2,896,804 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Invitation Homes by 13.5% in the first quarter. Principal Financial Group Inc. now owns 23,416,592 shares of the company’s stock valued at $569,726,000 after acquiring an additional 2,783,568 shares in the last quarter.

In other news, major shareholder Holdings L.P. Blackstone II sold 37,500,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Charles D. Young sold 29,925 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $24.83, for a total value of $743,037.75. Following the completion of the transaction, the chief operating officer now directly owns 176,184 shares of the company’s stock, valued at $4,374,648.72. The disclosure for this sale can be found here. Insiders have sold a total of 77,529,925 shares of company stock valued at $2,037,768,038 over the last three months. Corporate insiders own 0.25% of the company’s stock.

Invitation Homes Company Profile

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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