Zimmer Partners LP bought a new position in Invitation Homes Inc (NYSE:INVH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,717,398 shares of the company’s stock, valued at approximately $252,609,000. Invitation Homes comprises about 6.2% of Zimmer Partners LP’s holdings, making the stock its 2nd biggest position. Zimmer Partners LP owned 3.44% of Invitation Homes at the end of the most recent quarter.
A number of other large investors have also modified their holdings of INVH. Parametric Portfolio Associates LLC increased its stake in Invitation Homes by 43.6% in the second quarter. Parametric Portfolio Associates LLC now owns 34,849 shares of the company’s stock worth $754,000 after purchasing an additional 10,576 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Invitation Homes in the second quarter valued at approximately $269,000. Nationwide Fund Advisors boosted its stake in shares of Invitation Homes by 6,856.5% in the third quarter. Nationwide Fund Advisors now owns 316,036 shares of the company’s stock worth $7,158,000 after acquiring an additional 311,493 shares during the last quarter. American Century Companies Inc. acquired a new position in Invitation Homes during the third quarter worth $19,089,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Invitation Homes by 18.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 33,274 shares of the company’s stock valued at $754,000 after purchasing an additional 5,160 shares during the last quarter.
Invitation Homes Inc (NYSE INVH) opened at $22.69 on Wednesday. Invitation Homes Inc has a one year low of $20.25 and a one 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders 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 was Monday, February 12th. This represents a $0.44 annualized dividend and a dividend yield of 1.94%. Invitation Homes’s dividend payout ratio (DPR) is -146.66%.
Several equities analysts have recently commented on INVH shares. Citigroup initiated coverage on Invitation Homes in a research note on Friday, December 8th. They issued a “buy” rating and a $27.00 price target on the stock. Deutsche Bank reiterated a “buy” rating and issued a $26.00 price objective on shares of Invitation Homes in a report on Wednesday, November 29th. JPMorgan Chase & Co. initiated coverage on Invitation Homes in a report on Tuesday, December 12th. They issued an “overweight” rating on the stock. B. Riley set a $26.00 price objective on Invitation Homes and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, Evercore ISI set a $26.00 price objective on Invitation Homes and gave the company an “outperform” rating in a report on Monday, November 27th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price 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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