Public Employees Retirement Association of Colorado lifted its holdings in Invitation Homes Inc (NYSE:INVH) by 1,210.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,252 shares of the company’s stock after acquiring an additional 33,485 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Invitation Homes were worth $854,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of INVH. PGGM Investments acquired a new stake in shares of Invitation Homes in the fourth quarter worth $96,661,000. Capital Growth Management LP acquired a new stake in shares of Invitation Homes in the third quarter worth $45,300,000. Citadel Advisors LLC boosted its position in shares of Invitation Homes by 157.9% in the third quarter. Citadel Advisors LLC now owns 3,138,062 shares of the company’s stock worth $71,077,000 after buying an additional 1,921,278 shares during the period. Commonwealth Bank of Australia acquired a new stake in shares of Invitation Homes in the third quarter worth $38,913,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Invitation Homes by 227.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,573,673 shares of the company’s stock worth $60,662,000 after acquiring an additional 1,788,571 shares in the last quarter.
In other Invitation Homes news, Director John Bartling sold 188,850 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the transaction, the director now directly owns 482,665 shares in the company, valued at $11,154,388.15. The transaction was disclosed in a filing with the SEC, which is available through this link.
Invitation Homes Inc (INVH) opened at $21.52 on Friday. Invitation Homes Inc has a 1-year low of $20.25 and a 1-year high of $24.30. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.11 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, February 12th.
Several analysts recently issued reports on INVH shares. Zacks Investment Research lowered Invitation Homes from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley set a $26.00 price objective on Invitation Homes and gave the stock a “buy” rating in a report on Wednesday, November 15th. Deutsche Bank reiterated a “buy” rating and set a $26.00 price objective on shares of Invitation Homes in a report on Wednesday, November 29th. JPMorgan Chase & Co. started coverage on Invitation Homes in a report on Tuesday, December 12th. They set an “overweight” rating for the company. Finally, Evercore ISI set a $26.00 price objective on Invitation Homes and gave the stock an “outperform” rating in a report on Monday, November 27th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.06.
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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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