BlackRock Fund Advisors has recently announced that it has increased stake in Invitation Homes Inc. (NYSE:INVH) by 0.52%. After grabbing 40.41 million shares, the institutional investor is now in possession of 0.21 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 6.60% having worth around $1.43 billion. Moreover, Norges Bank Investment Management increased its share by 2.7 million to have a control over 38.03 million shares. And Geode Capital Management LLC raised its holdings to 0.19 million shares by acquiring 13.61 million shares or 2.22% of the stake.
Invitation Homes Inc. (INVH) concluded trading on 09/14/23 at a closing price of $35.15, with 2.53 million shares of worth about $88.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.73% during that period and on Thursday the price saw a gain of about 2.51%. Currently the company’s common shares owned by public are about 611.95M shares, out of which, 609.34M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the INVH stock and their offered price forecasts bring an average price target of $37.56. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $41.00 and could fall to a lowest price of $34.00. The stock’s current price level is 6.42% above of average price target set by the analysts, while a rise to estimated low would result in loss of -3.38% for the stock. However, touching the estimated high of $41.00 would mean a gain of 14.27% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 40 times over the past 12 months. They bought 514,162 shares in 19 of the transactions. In 21 selling transactions, insiders dumped 153,335 shares.
Government Pension Fund – Global, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Invitation Homes Inc. Government Pension Fund – Global is currently holding 37.88 million shares of worth totaling $1.34 billion. The company recently came buying 8.04 million shares which brought its stake up to 6.19% of the company’s outstanding shares. Vanguard Real Estate Index Fund bought 0.33 million shares, after which its hold over company’s outstanding shares expand to 4.22%, leaving 25.8 million shares with the mutual fund that have a worth of about $915.78 million. Vanguard Total Stock Market ETF, after selling 19.05 million shares, have now control over 3.11% of the stake in the company. It holds 20300.0 shares of worth $676.39 million.
Invitation Homes Inc. (NYSE: INVH) started trading at $34.61, above $0.32 from concluding price of the previous day. However, the stock later moved at a day high price of 35.17, or with a gain of 2.51%. Stock saw a price change of 2.75% in past 5 days and over the past one month there was a price change of 2.69%. Year-to-date (YTD), INVH shares are showing a performance of 18.59% which decreased to -9.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.52 but also hit the highest price of $39.03 during that period. The average intraday trading volume for Invitation Homes Inc. shares is 2.62 million. The stock is currently trading 3.79% above its 20-day simple moving average (SMA20), while that difference is up 1.52% for SMA50 and it goes to 7.23% higher than SMA200.
BlackRock Fund Advisors acquired 40.41 million shares of Invitation Homes Inc. having value of about $1.43 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.21 million shares in the company valued at close to $7300268.35, or have control over 0.52% stake in the company. Invitation Homes Inc. (NYSE: INVH) currently have 611.95M outstanding shares and institutions hold larger chunk of about 105.69% of that. Holding of mutual funds in the company is about 42.04% while other institutional holders and individual stake holders have control over 64.55% and 0.82% of the stake respectively.
The stock has a current market capitalization of $21.72B and its 3Y-monthly beta is at 0.91. PE ratio of stock for trailing 12 months is 49.23, while it has posted earnings per share of $0.71 in the same period. Its PEG reads 3.78 while making debt-to-equity ratio of 0.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INVH, volatility over the week remained 1.36% while standing at 1.48% over the month.
Analysts are in expectations that Invitation Homes Inc. (INVH) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is $0.19 and it is $0.78 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.15 which is $0.2 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.90% while it is estimated to increase by 0.91% in next year. EPS is likely to shrink at an annualized rate of 13.04% for next 5-years, compared to annual growth of 34.40% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Invitation Homes Inc. (INVH)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 20 Wall Street analysts, 7 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.