Traders Buy High Volume of Invitation Homes Call Options (INVH)

Invitation Homes (NYSE:INVH) saw some unusual options trading on Wednesday. Investors bought 1,001 call options on the company. This represents an increase of approximately 891% compared to the average daily volume of 101 call options.

Institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new position in Invitation Homes in the fourth quarter worth about $685,000. Envestnet Asset Management Inc. boosted its position in Invitation Homes by 286.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 89,168 shares of the company’s stock worth $2,101,000 after purchasing an additional 66,097 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Invitation Homes in the fourth quarter worth about $2,988,000. Salem Investment Counselors Inc. boosted its position in Invitation Homes by 21.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 18,228 shares of the company’s stock worth $430,000 after purchasing an additional 3,228 shares during the last quarter. Finally, Halsey Associates Inc. CT purchased a new position in Invitation Homes in the fourth quarter worth about $9,625,000.

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Invitation Homes stock opened at $22.97 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.79 and a current ratio of 0.79. Invitation Homes has a one year low of $20.25 and a one year high of $24.30.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Invitation Homes had a negative return on equity of 2.16% and a negative net margin of 10.02%. The company had revenue of $329.95 million for the quarter, compared to analysts’ expectations of $330.16 million. The firm’s revenue for the quarter was up 40.7% compared to the same quarter last year. research analysts expect that Invitation Homes will post 1.18 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. B. Riley set a $26.00 price objective on Invitation Homes and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Mizuho reiterated a “buy” rating and issued a $25.00 price objective on shares of Invitation Homes in a report on Tuesday, February 27th. Zacks Investment Research downgraded Invitation Homes from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Robert W. Baird assumed coverage on Invitation Homes in a report on Wednesday, March 28th. They issued an “outperform” rating and a $25.00 price objective for the company. Thirteen equities research analysts have rated the stock with a buy rating, Invitation Homes has an average rating of “Buy” and a consensus price target of $25.50.

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Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With more than 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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