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.
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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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