Schwab Charles Investment Management Inc. boosted its holdings in Invitation Homes Inc (NYSE:INVH) by 5.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 785,102 shares of the company’s stock after buying an additional 40,202 shares during the period. Schwab Charles Investment Management Inc. owned 0.25% of Invitation Homes worth $17,783,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Citigroup Inc. lifted its holdings in shares of Invitation Homes by 3.3% in the 2nd quarter. Citigroup Inc. now owns 47,555 shares of the company’s stock valued at $1,030,000 after acquiring an additional 1,540 shares during the last quarter. GAM Holding AG raised its position in Invitation Homes by 28.1% in the 2nd quarter. GAM Holding AG now owns 7,300 shares of the company’s stock worth $158,000 after purchasing an additional 1,600 shares during the period. BNP Paribas Arbitrage SA raised 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 purchasing an additional 2,171 shares during the period. Utah Retirement Systems raised its position in Invitation Homes by 26.7% in the 2nd quarter. Utah Retirement Systems now owns 16,092 shares of the company’s stock worth $348,000 after purchasing an additional 3,392 shares during the period. Finally, Quantbot Technologies LP raised its position in Invitation Homes by 30.9% in the 2nd quarter. Quantbot Technologies LP now owns 14,523 shares of the company’s stock worth $314,000 after purchasing an additional 3,432 shares during the period.
A number of brokerages have recently commented on INVH. Citigroup began coverage on shares of Invitation Homes in a research report on Friday, December 8th. They set a “buy” rating and a $27.00 target price on the stock. Deutsche Bank reaffirmed a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research report on Wednesday, November 29th. JPMorgan Chase & Co. began coverage on shares of Invitation Homes in a report on Tuesday, December 12th. They set an “overweight” rating on the stock. Zacks Investment Research lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Finally, B. Riley set a $26.00 price objective on shares of Invitation Homes and gave the company a “buy” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Invitation Homes currently has a consensus rating of “Buy” and an average price target of $25.06.
In other news, Director John Bartling sold 188,850 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the completion of the sale, the director now owns 482,665 shares of the company’s stock, valued at $11,154,388.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Invitation Homes Inc (NYSE INVH) traded down $0.16 on Friday, reaching $22.71. 3,267,148 shares of the company’s stock were exchanged, compared to its average volume of 2,512,711. Invitation Homes Inc has a one year low of $19.80 and a one year high of $24.30. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $11,780.00 and a PE ratio of -84.11.
Invitation Homes Profile
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.
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