BlueCrest Capital Management Ltd acquired a new position in Invitation Homes Inc (NYSE:INVH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,444 shares of the company’s stock, valued at approximately $246,000.
A number of other hedge funds also recently made changes to their positions in the business. Driehaus Capital Management LLC bought a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $3,589,000. Thrivent Financial For Lutherans bought a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $2,176,000. Chilton Capital Management LLC bought a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $3,574,000. Renaissance Technologies LLC raised its position in shares of Invitation Homes by 140.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,686,378 shares of the company’s stock valued at $39,748,000 after purchasing an additional 985,378 shares during the period. Finally, HGI Capital Management LLC bought a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $1,912,000.
Shares of Invitation Homes Inc (NYSE:INVH) opened at $22.60 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $7,092.65 and a P/E ratio of -75.33. Invitation Homes Inc has a twelve month low of $20.25 and a twelve month high of $24.30.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 13th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Monday, February 12th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.08. Invitation Homes’s dividend payout ratio is -146.66%.
INVH has been the topic of several research reports. Evercore ISI set a $26.00 price target on shares of Invitation Homes and gave the company an “outperform” rating in a research report on Monday, November 27th. Deutsche Bank reissued a “buy” rating and issued a $26.00 price target on shares of Invitation Homes in a research report on Wednesday, November 29th. Citigroup started coverage on shares of Invitation Homes in a report on Friday, December 8th. They set a “buy” rating and a $27.00 target price on the stock. 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. Finally, Mizuho started coverage on shares of Invitation Homes in a report on Thursday, December 14th. They set a “buy” rating and a $27.00 target price 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. The company has an average rating of “Buy” and a consensus target price of $25.56.
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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.
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