Global Endowment Management LP bought a new position in Invitation Homes Inc (NYSE:INVH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 73,132 shares of the company’s stock, valued at approximately $1,723,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its position in Invitation Homes by 344.8% during the fourth quarter. BlackRock Inc. now owns 21,966,336 shares of the company’s stock worth $517,746,000 after purchasing an additional 17,028,345 shares in the last quarter. APG Asset Management US Inc. boosted its position in Invitation Homes by 12.1% during the fourth quarter. APG Asset Management US Inc. now owns 12,216,500 shares of the company’s stock worth $287,943,000 after purchasing an additional 1,315,918 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Invitation Homes by 1,605.4% during the fourth quarter. Bank of New York Mellon Corp now owns 8,722,439 shares of the company’s stock worth $205,587,000 after purchasing an additional 8,210,968 shares in the last quarter. Principal Financial Group Inc. boosted its position in Invitation Homes by 22.3% during the third quarter. Principal Financial Group Inc. now owns 7,997,265 shares of the company’s stock worth $181,138,000 after purchasing an additional 1,459,063 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Invitation Homes by 97,434.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,412,602 shares of the company’s stock worth $174,715,000 after purchasing an additional 7,405,002 shares in the last quarter.
In related news, Director John Bartling sold 188,850 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total value 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 legal filing with the SEC, which is available through the SEC website.
Invitation Homes Inc (NYSE INVH) opened at $21.68 on Friday. Invitation Homes Inc has a fifty-two week low of $20.25 and a fifty-two week high of $24.30. The company has a market capitalization of $6,491.74 and a P/E ratio of -72.26. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.59.
Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 21st. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Invitation Homes had a negative return on equity of 2.91% and a negative net margin of 10.02%. The business had revenue of $329.95 million during the quarter, compared to analysts’ expectations of $330.16 million. The company’s revenue was up 40.7% compared to the same quarter last year. equities research analysts expect that Invitation Homes Inc will post 1.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 13th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Monday, February 12th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.08. Invitation Homes’s dividend payout ratio (DPR) is currently -146.66%.
A number of brokerages have issued reports on INVH. Zacks Investment Research downgraded Invitation Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. B. Riley set a $26.00 price target on Invitation Homes and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Citigroup began coverage on Invitation Homes in a research report on Friday, December 8th. They set a “buy” rating and a $27.00 price target on the stock. Deutsche Bank reiterated a “buy” rating and set a $26.00 price target on shares of Invitation Homes in a research report on Wednesday, November 29th. Finally, Evercore ISI set a $26.00 price target on Invitation Homes and gave the stock an “outperform” rating in a research report on Monday, November 27th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $25.06.
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Invitation Homes Company 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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