Daiwa Securities Group Inc. Raises Holdings in Invitation Homes Inc (INVH)
Daiwa Securities Group Inc. raised its stake in shares of Invitation Homes Inc (NYSE:INVH) by 97,434.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,412,602 shares of the company’s stock after buying an additional 7,405,002 shares during the period. Invitation Homes comprises about 1.2% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 26th biggest holding. Daiwa Securities Group Inc.’s holdings in Invitation Homes were worth $174,715,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Pensionfund DSM Netherlands acquired a new stake in shares of Invitation Homes during the 4th quarter valued at $609,000. Principal Financial Group Inc. boosted its stake in shares of Invitation Homes by 22.3% during the 3rd quarter. Principal Financial Group Inc. now owns 7,997,265 shares of the company’s stock valued at $181,138,000 after buying an additional 1,459,063 shares during the period. Capital Growth Management LP acquired a new stake in shares of Invitation Homes during the 3rd quarter valued at $45,300,000. APG Asset Management US Inc. boosted its stake in shares of Invitation Homes by 18.6% during the 3rd quarter. APG Asset Management US Inc. now owns 10,900,582 shares of the company’s stock valued at $246,898,000 after buying an additional 1,712,493 shares during the period. Finally, Highbridge Capital Management LLC boosted its stake in shares of Invitation Homes by 170.8% during the 3rd quarter. Highbridge Capital Management LLC now owns 431,189 shares of the company’s stock valued at $9,766,000 after buying an additional 271,961 shares during the period.
A number of equities research analysts have issued reports on INVH shares. B. Riley set a $26.00 target price on shares of Invitation Homes and gave the company a “buy” rating in a research note on Wednesday, November 15th. Deutsche Bank reissued a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research note on Wednesday, November 29th. JPMorgan Chase & Co. started coverage on shares of Invitation Homes in a research note on Tuesday, December 12th. They set an “overweight” rating for the company. Evercore ISI set a $26.00 target price on shares of Invitation Homes and gave the company an “outperform” rating in a research note on Monday, November 27th. Finally, Mizuho started coverage on shares of Invitation Homes in a research note on Thursday, December 14th. They set a “buy” rating and a $27.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $25.06.
Invitation Homes Inc (INVH) opened at $20.47 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.84 and a current ratio of 0.84. Invitation Homes Inc has a twelve month low of $20.47 and a twelve month high of $24.30.
Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.31). Invitation Homes had a negative net margin of 9.01% and a negative return on equity of 2.85%. equities analysts forecast that Invitation Homes Inc will post 1.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 13th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, February 12th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.08.
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Invitation Homes 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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