Geode Capital Management LLC lifted its holdings in Invitation Homes Inc (NYSE:INVH) by 263.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,945,630 shares of the company’s stock after buying an additional 2,136,159 shares during the period. Geode Capital Management LLC owned approximately 0.95% of Invitation Homes worth $69,385,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Invitation Homes by 344.8% in the 4th 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 during the period. APG Asset Management US Inc. raised its holdings in shares of Invitation Homes by 12.1% in the 4th 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 during the period. Cbre Clarion Securities LLC raised its holdings in shares of Invitation Homes by 173.5% in the 4th quarter. Cbre Clarion Securities LLC now owns 11,641,783 shares of the company’s stock worth $274,397,000 after purchasing an additional 7,385,803 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Invitation Homes by 1,605.4% in the 4th 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 during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Invitation Homes by 97,434.2% in the 4th 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 during the period.
Shares of Invitation Homes Inc (NYSE INVH) opened at $22.66 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. Invitation Homes Inc has a 1-year low of $20.25 and a 1-year high of $24.30.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th were issued a dividend of $0.11 per share. This is a boost from Invitation Homes’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.44 dividend on an annualized basis and a yield of 1.94%. Invitation Homes’s payout ratio is presently -146.66%.
A number of research firms recently commented on INVH. Mizuho began coverage on shares of Invitation Homes in a report on Thursday, December 14th. They issued a “buy” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Invitation Homes in a report on Tuesday, December 12th. They issued an “overweight” rating on the stock. Evercore ISI set a $26.00 price target on shares of Invitation Homes and gave the stock an “outperform” rating in a report on Monday, November 27th. B. Riley set a $26.00 price target on shares of Invitation Homes and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, Citigroup began coverage on shares of Invitation Homes in a report on Friday, December 8th. They issued a “buy” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Invitation Homes presently has a consensus rating of “Buy” and an average price target of $25.56.
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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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