64,829 Shares in Invitation Homes Inc (INVH) Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Invitation Homes Inc (NYSE:INVH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 64,829 shares of the company’s stock, valued at approximately $1,468,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new stake in shares of Invitation Homes during the 1st quarter worth about $111,000. State of Alaska Department of Revenue purchased a new stake in shares of Invitation Homes during the 2nd quarter worth about $136,000. Meeder Asset Management Inc. purchased a new stake in shares of Invitation Homes during the 2nd quarter worth about $157,000. GAM Holding AG lifted its stake in Invitation Homes by 28.1% in the 2nd quarter. GAM Holding AG now owns 7,300 shares of the company’s stock valued at $158,000 after buying an additional 1,600 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new position in Invitation Homes in the 2nd quarter valued at about $223,000.

In other news, Director John Bartling sold 188,850 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $11,154,388.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Invitation Homes Inc (INVH) traded down $0.04 during midday trading on Monday, hitting $23.47. 2,962,295 shares of the stock were exchanged, compared to its average volume of 1,900,539. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.84. Invitation Homes Inc has a fifty-two week low of $19.80 and a fifty-two week high of $23.93.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.36%.

INVH has been the topic of a number of research reports. Zacks Investment Research lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Deutsche Bank reaffirmed a “buy” rating and issued a $26.00 price target on shares of Invitation Homes in a research note on Wednesday, November 29th. Keefe, Bruyette & Woods raised shares of Invitation Homes from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $23.00 to $22.00 in a research note on Monday, August 14th. B. Riley reaffirmed a “buy” rating and issued a $26.00 price target on shares of Invitation Homes in a research note on Thursday, November 9th. Finally, FBR & Co reissued a “buy” rating on shares of Invitation Homes in a research note on Thursday, September 21st. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.80.

WARNING: This article was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/04/64829-shares-in-invitation-home-inc-invh-acquired-by-kayne-anderson-rudnick-investment-management-llc-2.html.

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.

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

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

Leave a Reply