Barclays PLC increased its holdings in Invitation Homes Inc (NYSE:INVH) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 662,871 shares of the company’s stock after acquiring an additional 85,973 shares during the quarter. Barclays PLC’s holdings in Invitation Homes were worth $13,309,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Pearl River Capital LLC purchased a new stake in Invitation Homes in the fourth quarter worth $53,000. Bank of Montreal Can lifted its stake in Invitation Homes by 338.8% in the third quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock worth $104,000 after acquiring an additional 3,517 shares during the period. Capital Guardian Trust Co. purchased a new stake in Invitation Homes in the third quarter worth $109,000. Virtu Financial LLC purchased a new stake in Invitation Homes in the third quarter worth $201,000. Finally, NumerixS Investment Technologies Inc lifted its stake in Invitation Homes by 25.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 9,000 shares of the company’s stock worth $180,000 after acquiring an additional 1,800 shares during the period.
INVH opened at $23.85 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 103.70, a PEG ratio of 3.30 and a beta of 0.53. Invitation Homes Inc has a 12-month low of $19.21 and a 12-month high of $24.00.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Wednesday, February 13th were issued a $0.13 dividend. This is an increase from Invitation Homes’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, February 12th. This represents a $0.52 dividend on an annualized basis and a yield of 2.18%. Invitation Homes’s dividend payout ratio is 226.09%.
A number of brokerages recently commented on INVH. TheStreet raised Invitation Homes from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $25.10.
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About Invitation Homes
Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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