73,108 Shares in Invitation Homes Inc (INVH) Purchased by Highlander Capital Management LLC
Highlander Capital Management LLC acquired a new position in Invitation Homes Inc (NYSE:INVH) during the fourth quarter, Holdings Channel reports. The fund acquired 73,108 shares of the company’s stock, valued at approximately $1,723,000. Invitation Homes comprises 1.3% of Highlander Capital Management LLC’s holdings, making the stock its 11th largest holding.
Several other institutional investors also recently bought and sold shares of the stock. North Star Investment Management Corp. acquired a new position in Invitation Homes in the fourth quarter valued at approximately $110,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Invitation Homes in the fourth quarter valued at approximately $111,000. Advisory Services Network LLC acquired a new position in Invitation Homes in the fourth quarter valued at approximately $114,000. American International Group Inc. acquired a new position in Invitation Homes in the fourth quarter valued at approximately $145,000. Finally, KBC Group NV acquired a new position in Invitation Homes in the fourth quarter valued at approximately $157,000.
Several equities research analysts have recently commented on the company. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Invitation Homes in a report on Thursday, November 9th. Zacks Investment Research downgraded Invitation Homes from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Citigroup assumed coverage on Invitation Homes in a report on Friday, December 8th. They set a “buy” rating and a $27.00 price objective for the company. Deutsche Bank restated a “buy” rating and set a $26.00 price objective on shares of Invitation Homes in a report on Wednesday, November 29th. Finally, Evercore ISI set a $26.00 price objective on Invitation Homes and gave the company an “outperform” rating in a report on Monday, November 27th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $25.56.
Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Invitation Homes had a negative return on equity of 2.91% and a negative net margin of 10.02%. The business had revenue of $329.95 million during the quarter, compared to the consensus estimate of $330.16 million. The business’s revenue for the quarter was up 40.7% compared to the same quarter last year. equities research analysts predict that Invitation Homes Inc will post 1.21 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date was Monday, February 12th. This represents a $0.44 annualized dividend and a yield of 2.00%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.08. Invitation Homes’s dividend payout ratio is -146.66%.
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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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