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.
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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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