Eii Capital Management Inc. Acquires New Stake in Invitation Homes Inc (INVH)
Eii Capital Management Inc. acquired a new stake in Invitation Homes Inc (NYSE:INVH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,801 shares of the company’s stock, valued at approximately $766,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. GAM Holding AG boosted its position in shares of Invitation Homes by 28.1% in 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. Amica Retiree Medical Trust bought a new position in Invitation Homes in the third quarter worth $206,000. Schroder Investment Management Group bought a new position in Invitation Homes in the third quarter worth $219,000. California Public Employees Retirement System bought a new position in Invitation Homes in the third quarter worth $226,000. Finally, Phocas Financial Corp. bought a new position in Invitation Homes in the second quarter worth $223,000.
Invitation Homes Inc (INVH) traded up $0.02 during trading on Thursday, reaching $23.70. The company had a trading volume of 4,508,300 shares, compared to its average volume of 1,948,666. Invitation Homes Inc has a fifty-two week low of $19.80 and a fifty-two week high of $23.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.59.
In related news, Director John Bartling sold 188,850 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total value of $4,364,323.50. Following the transaction, the director now owns 482,665 shares in the company, valued at $11,154,388.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
INVH has been the subject of several research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.00 target price on shares of Invitation Homes in a research report on Friday, August 18th. Zacks Investment Research upgraded Invitation Homes from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, August 23rd. FBR & Co restated a “buy” rating on shares of Invitation Homes in a research note on Thursday, September 21st. BTIG Research initiated coverage on Invitation Homes in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 target price for the company. Finally, B. Riley restated a “buy” rating and issued a $26.00 target price on shares of Invitation Homes in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.94.
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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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