Invitation Home Inc. (NYSE:INVH) Releases FY17 Earnings Guidance

Reuters

Large investors have recently modified their holdings of the company. Norges Bank acquired a new position in Colony Starwood Homes during the fourth quarter worth $16,624,000. Purchases Shares of 227,058 Invitation Home Inc. 622,863 shares of the company traded hands. State of New Jersey Common Pension Fund D increased its position in Colony Starwood Homes by 3.7% in the second quarter. Can increased its position in Colony Starwood Homes by 23.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 278,000 shares of the financial services provider's stock worth $9,538,000 after buying an additional 10,000 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Colony Starwood Homes by 19.2% in the second quarter. SG Americas Securities LLC bought a new position in shares of Invitation Home during the first quarter valued at $112,000.

Shares of Colony Starwood Homes (NYSE:SFR) traded up 0.03% on Wednesday, reaching $33.86. Accern also assigned media coverage about the company an impact score of 46.4618691084049 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. The firm's market cap is $6.51 billion. The firm has a 50 day moving average price of $21.44 and a 200 day moving average price of $21.45.

Colony Starwood Homes (NYSE:SFR) last posted its earnings results on Monday, May 8th. The company reported $0.25 EPS for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.01. The company had revenue of $238.80 million during the quarter, compared to analysts' expectations of $238.10 million. Colony Starwood Homes had a negative return on equity of 1.32% and a negative net margin of 8.24%. Invitation Home's revenue was up 6.4% on a year-over-year basis. Shareholders of record on Friday, June 30th were paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, August 11th. Colony Starwood Homes's payout ratio is -187.23%.

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Several analysts have recently weighed in on the stock. Zelman & Associates raised shares of Invitation Home from a hold rating to a buy rating in a research report on Friday, June 23rd. Evercore ISI began coverage on shares of Invitation Home in a report on Monday, June 5th. They issued an "in-line" rating and a $37.00 price objective on the stock. Raymond James Financial, Inc. assumed coverage on Colony Starwood Homes in a report on Tuesday, July 11th. They issued an outperform rating and a $24.00 price objective for the company. Finally, Wood & Company started coverage on Colony Starwood Homes in a research note on Monday, July 10th. FBR & Co restated a "buy" rating on shares of Invitation Home in a report on Saturday, May 13th. The stock has a consensus rating of "Buy" and an average target price of $24.08. The shares were sold at an average price of $34.69, for a total transaction of $135,194,561.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.95% of the company's stock.

Invitation Homes Inc is a real estate investment trust.

"This merger creates the leading single-family rental company in the United States, which will be uniquely positioned to deliver exceptional service to residents, while also improving operating efficiency", Fred Tuomi, chief executive of Starwood Waypoint, said in a statement. The transaction is expected to close by year-end, subject to approval by Starwood Waypoint Homes stockholders and other customary closing conditions.

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