Alliancebernstein L.P. boosted its position in shares of Invitation Homes Inc (NYSE:INVH) by 140.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 418,982 shares of the company’s stock after acquiring an additional 244,399 shares during the period. Alliancebernstein L.P.’s holdings in Invitation Homes were worth $9,875,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Invitation Homes by 344.8% during the 4th quarter. BlackRock Inc. now owns 21,966,336 shares of the company’s stock valued at $517,746,000 after purchasing an additional 17,028,345 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Invitation Homes by 1,605.4% during the fourth quarter. Bank of New York Mellon Corp now owns 8,722,439 shares of the company’s stock valued at $205,587,000 after purchasing an additional 8,210,968 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Invitation Homes by 97,434.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,412,602 shares of the company’s stock valued at $174,715,000 after purchasing an additional 7,405,002 shares in the last quarter. Cbre Clarion Securities LLC lifted its holdings in Invitation Homes by 173.5% during the fourth quarter. Cbre Clarion Securities LLC now owns 11,641,783 shares of the company’s stock valued at $274,397,000 after purchasing an additional 7,385,803 shares in the last quarter. Finally, PGGM Investments purchased a new position in Invitation Homes during the fourth quarter valued at $96,661,000.
Invitation Homes stock opened at $21.90 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $6,874.70 and a PE ratio of -73.00. Invitation Homes Inc has a 52 week low of $20.25 and a 52 week high of $24.30.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th were paid a $0.11 dividend. This is an increase from Invitation Homes’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, February 12th. Invitation Homes’s dividend payout ratio (DPR) is currently -146.66%.
Several equities analysts have issued reports on INVH shares. Citigroup started coverage on shares of Invitation Homes in a report on Friday, December 8th. They set a “buy” rating and a $27.00 price objective on the stock. Deutsche Bank reaffirmed 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 shares of Invitation Homes in a report on Tuesday, December 12th. They set an “overweight” rating on the stock. B. Riley set a $26.00 price objective on shares of Invitation Homes and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, Mizuho reaffirmed a “buy” rating and set a $25.00 price objective on shares of Invitation Homes in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Invitation Homes has an average rating of “Buy” and an average price target of $25.56.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/3298208/alliancebernstein-l-p-has-9-88-million-position-in-invitation-homes-inc-invh.html.
About Invitation Homes
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.
Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Homes Inc (NYSE:INVH).
Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.