American Financial Group Inc. Takes $228,000 Position in Invitation Homes Inc (INVH)

American Financial Group Inc. purchased a new stake in Invitation Homes Inc (NYSE:INVH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,684 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds have also added to or reduced their stakes in INVH. BlackRock Inc. grew its position in shares of Invitation Homes by 344.8% in the fourth quarter. BlackRock Inc. now owns 21,966,336 shares of the company’s stock valued at $517,746,000 after purchasing an additional 17,028,345 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Invitation Homes by 1,605.4% in the fourth quarter. Bank of New York Mellon Corp now owns 8,722,439 shares of the company’s stock valued at $205,587,000 after purchasing an additional 8,210,968 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Invitation Homes by 97,434.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,412,602 shares of the company’s stock valued at $174,715,000 after purchasing an additional 7,405,002 shares during the last quarter. PGGM Investments acquired a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $96,661,000. Finally, Wells Fargo & Company MN grew its position in shares of Invitation Homes by 51.5% in the fourth quarter. Wells Fargo & Company MN now owns 6,399,282 shares of the company’s stock valued at $150,832,000 after purchasing an additional 2,176,446 shares during the last quarter.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. B. Riley restated a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research report on Thursday, November 9th. Citigroup assumed 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 restated a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research report on Wednesday, November 29th. Finally, Evercore ISI set a $26.00 target price on shares of Invitation Homes and gave the stock an “outperform” rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Invitation Homes has an average rating of “Buy” and an average target price of $25.06.

In other Invitation Homes news, Director John Bartling sold 188,850 shares of Invitation Homes stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total value of $4,364,323.50. Following the transaction, the director now owns 482,665 shares in the company, valued at approximately $11,154,388.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Invitation Homes Inc (INVH) opened at $21.52 on Monday. Invitation Homes Inc has a 1-year low of $20.25 and a 1-year high of $24.30. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.59.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, February 12th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.08.

COPYRIGHT VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2018/02/19/american-financial-group-inc-takes-228000-position-in-invitation-homes-inc-invh.html.

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.

Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Homes Inc (NYSE:INVH).

Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply