Assetmark Inc. Buys New Holdings in Invitation Home Inc. (INVH)
Assetmark Inc. bought a new position in shares of Invitation Home Inc. (NYSE:INVH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,667 shares of the company’s stock, valued at approximately $672,000.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in Invitation Home in the 1st quarter worth approximately $92,688,000. Principal Financial Group Inc. grew its stake in Invitation Home by 59.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,538,202 shares of the company’s stock valued at $141,422,000 after buying an additional 2,448,615 shares during the last quarter. APG Asset Management US Inc. grew its stake in Invitation Home by 18.6% in 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 last quarter. Prudential Financial Inc. acquired a new position in Invitation Home in the 2nd quarter valued at $30,253,000. Finally, State Street Corp acquired a new position in Invitation Home in the 1st quarter valued at $26,214,000.
Shares of Invitation Home Inc. (INVH) traded up $0.13 during trading on Friday, hitting $23.50. 2,953,700 shares of the stock traded hands, compared to its average volume of 1,801,669. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.59. Invitation Home Inc. has a 1-year low of $19.80 and a 1-year high of $23.93.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.32 annualized dividend and a dividend yield of 1.36%.
INVH has been the topic of a number of research analyst reports. Zacks Investment Research lowered 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 decreased their price target for the stock from $23.00 to $22.00 in a research report on Monday, August 14th. FBR & Co restated a “buy” rating on shares of Invitation Home in a research report on Thursday, September 21st. Finally, B. Riley restated a “buy” rating and issued a $26.00 price target on shares of Invitation Home in a research report on Thursday, November 9th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Invitation Home presently has a consensus 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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