Invitation Homes Inc (NYSE:INVH) – Equities researchers at B. Riley issued their FY2017 earnings per share estimates for Invitation Homes in a research note issued to investors on Tuesday. B. Riley analyst D. Corak anticipates that the company will post earnings per share of $1.06 for the year. B. Riley currently has a “Buy” rating and a $26.00 target price 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.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 target price on shares of Invitation Homes in a research note on Tuesday, October 3rd. FBR & Co restated a “buy” rating on shares of Invitation Homes in a research note on Thursday, September 21st. Citigroup assumed coverage on shares of Invitation Homes in a research note on Friday, December 8th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Deutsche Bank restated a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research note on Wednesday, November 29th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $25.06.
Several large investors have recently modified their holdings of INVH. Pensionfund Sabic bought a new stake in Invitation Homes during the 4th quarter worth approximately $228,000. Pensionfund DSM Netherlands bought a new stake in Invitation Homes during the 4th quarter worth approximately $609,000. AXA raised its stake in Invitation Homes by 66.3% during the 3rd quarter. AXA now owns 376,809 shares of the company’s stock worth $8,535,000 after acquiring an additional 150,209 shares during the period. New Mexico Educational Retirement Board bought a new stake in Invitation Homes during the 3rd quarter worth approximately $242,000. Finally, Eii Capital Management Inc. bought a new stake in Invitation Homes during the 3rd quarter worth approximately $766,000.
In other news, Director John Bartling sold 188,850 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total value of $4,364,323.50. Following the transaction, the director now owns 482,665 shares in the company, valued at approximately $11,154,388.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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About Invitation Homes
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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