612 institutions hold shares in Invitation Homes Inc. (INVH), with 1.47M shares held by insiders accounting for 0.26% while institutional investors hold 103.76% of the company’s shares. The shares outstanding are 563.80M, and float is at 559.21M with Short Float at 2.54%. Institutions hold 103.49% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 79.24 million shares valued at $2.35 billion. The investor’s holdings represent 13.97% of the INVH Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 46.31 million shares valued at $1.38 billion to account for 8.16% of the shares outstanding. The other top investors are Cohen & Steers Inc. which holds 36.02 million shares representing 6.35% and valued at over $1.07 billion, while Principal Financial Group, Inc. holds 4.87% of the shares totaling 27.6 million with a market value of $819.75 million.
Invitation Homes Inc. (NYSE: INVH) is 9.49% higher on its value in year-to-date trading and has touched a low of $21.05 and a high of $32.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INVH stock was last observed hovering at around $32.85 in the last trading session, with the day’s loss setting it -0.33% off its average median price target of $35.00 for the next 12 months. It is also 16.62% off the consensus price target high of $39.00 offered by 19 analysts, but current levels are -4.9% lower than the price target low of $31.00 for the same period.
Currently trading at $32.52, the stock is 3.99% and 7.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.96 million and changing -1.00% at the moment leaves the stock 11.85% off its SMA200. INVH registered 51.61% gain for a year compared to 6-month loss of 10.16%. The firm has a 50-day simple moving average (SMA 50) of $30.36 and a 200-day simple moving average (SMA200) of $29.28.
The stock witnessed a 14.15% gain in the last 1 month and extending the period to 3 months gives it a 12.02%, and is 0.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.21% over the month.
Invitation Homes Inc. (INVH) has around 1149 employees, a market worth around $18.06B and $1.82B in sales. Current P/E ratio is 92.39 and Fwd P/E is 87.89. Profit margin for the company is 10.70%. Distance from 52-week low is 54.49% and -1.00% from its 52-week high. The company has generated returns on investments over the last 12 months (2.80%).
Invitation Homes Inc. (INVH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Invitation Homes Inc. (INVH) is a “Buy”. 19 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 0 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Invitation Homes Inc. is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $470.1M over the same period.The EPS is expected to grow by 29.40% this year, but quarterly earnings will post 5.60% year-over-year. Quarterly sales are estimated to grow 4.50% in year-over-year returns.
Invitation Homes Inc. (INVH) Insider Activity
A total of 47 insider transactions have happened at Invitation Homes Inc. (INVH) in the last six months, with sales accounting for 34 and purchases happening 13 times. The most recent transaction is an insider sale by Young Charles D., the company’s EVP&COO. SEC filings show that Young Charles D. sold 55,439 shares of the company’s common stock on Mar 10 at a price of $29.24 per share for a total of $1.62 million. Following the sale, the insider now owns 0.11 million shares.
Invitation Homes Inc. disclosed in a document filed with the SEC on Sep 14 that BLAIR BRYCE (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Sep 14 and was made at $29.25 per share for $1.46 million. Following the transaction, the insider now directly holds 0.29 million shares of the INVH stock.
Still, SEC filings show that on Aug 17, Tanner Dallas B (President & CEO) disposed off 80,000 shares at an average price of $29.58 for $2.37 million. The insider now directly holds 234,109 shares of Invitation Homes Inc. (INVH).
Invitation Homes Inc. (INVH): Who are the competitors?
The company’s main competitors (and peers) include Invitation Homes Inc. (INVH) that is 51.61% higher over the past 12 months. Short interest in the company’s stock has fallen -43.68% from the last report on Mar 14, 2021 to stand at a total of 14.21 million short shares sold with a short interest ratio of 3.51.