Invitation Homes Inc (INVH) to Post FY2017 Earnings of $1.06 Per Share, B. Riley Forecasts

Invitation Homes Inc (NYSE:INVH) – B. Riley issued their FY2017 earnings estimates for shares of Invitation Homes in a research report issued to clients and investors on Tuesday. B. Riley analyst D. Corak forecasts that the company will earn $1.06 per share for the year. B. Riley has a “Buy” rating and a $26.00 price objective 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.

INVH has been the topic of a number of other reports. BTIG Research assumed coverage on Invitation Homes in a research note on Monday, October 9th. They set a “buy” rating and a $26.00 target price on the stock. Mizuho assumed coverage on Invitation Homes in a research note on Thursday, December 14th. They set a “buy” rating and a $27.00 target price on the stock. Keefe, Bruyette & Woods reiterated 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 reiterated a “buy” rating on shares of Invitation Homes in a research note on Thursday, September 21st. Finally, Evercore ISI set a $26.00 target price on Invitation Homes and gave the stock an “outperform” rating in a research note on Monday, November 27th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $25.06.

Invitation Homes (NYSE:INVH) opened at $23.05 on Thursday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.84 and a current ratio of 0.84. Invitation Homes has a 52 week low of $19.80 and a 52 week high of $24.30. The firm has a market capitalization of $11,950.00 and a price-to-earnings ratio of -85.37.

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

In other Invitation Homes news, Director John Bartling sold 188,850 shares of Invitation Homes 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 completion of the transaction, the director now owns 482,665 shares of the company’s stock, valued at approximately $11,154,388.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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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.

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

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