American Century Companies Inc. Invests $19.09 Million in Invitation Home Inc. (INVH) Stock
American Century Companies Inc. bought a new position in shares of Invitation Home Inc. (NYSE:INVH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 842,769 shares of the company’s stock, valued at approximately $19,089,000. American Century Companies Inc. owned about 0.27% of Invitation Home at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in Invitation Home during the first quarter valued at about $111,000. State of Alaska Department of Revenue bought a new stake in Invitation Home during the second quarter valued at about $136,000. Meeder Asset Management Inc. bought a new stake in Invitation Home during the second quarter valued at about $157,000. GAM Holding AG boosted its holdings in Invitation Home by 28.1% during the second quarter. GAM Holding AG now owns 7,300 shares of the company’s stock valued at $158,000 after acquiring an additional 1,600 shares during the period. Finally, Phocas Financial Corp. bought a new stake in Invitation Home during the second quarter valued at about $223,000.
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Shares of Invitation Home Inc. (INVH) opened at $23.19 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.43 and a current ratio of 0.84. Invitation Home Inc. has a fifty-two week low of $19.80 and a fifty-two week high of $23.93.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, October 23rd.
A number of equities research analysts have issued reports on INVH shares. BTIG Research started coverage on shares of Invitation Home in a report on Monday, October 9th. They set a “buy” rating and a $26.00 price target for the company. Zacks Investment Research cut shares of Invitation Home from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Keefe, Bruyette & Woods upgraded shares of Invitation Home from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $23.00 to $22.00 in a research note on Monday, August 14th. B. Riley set a $26.00 target price on shares of Invitation Home and gave the company a “buy” rating in a research note on Wednesday. Finally, FBR & Co reiterated a “buy” rating on shares of Invitation Home in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Invitation Home presently has an average rating of “Buy” and a consensus target price of $24.60.
Invitation Home 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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