Cubist Systematic Strategies LLC Invests $534,000 in Invitation Homes Inc (INVH)
Cubist Systematic Strategies LLC bought a new stake in Invitation Homes Inc (NYSE:INVH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,162 shares of the company’s stock, valued at approximately $534,000.
Several other institutional investors have also made changes to their positions in INVH. Thrivent Financial for Lutherans boosted its position in shares of Invitation Homes by 21.2% in the first quarter. Thrivent Financial for Lutherans now owns 111,900 shares of the company’s stock valued at $2,555,000 after acquiring an additional 19,600 shares during the period. Northern Trust Corp boosted its position in shares of Invitation Homes by 8.8% in the first quarter. Northern Trust Corp now owns 3,382,494 shares of the company’s stock valued at $77,222,000 after acquiring an additional 273,099 shares during the period. BlackRock Inc. boosted its position in shares of Invitation Homes by 3.3% in the first quarter. BlackRock Inc. now owns 22,691,786 shares of the company’s stock valued at $518,054,000 after acquiring an additional 725,450 shares during the period. Federated Investors Inc. PA boosted its position in shares of Invitation Homes by 11.1% in the first quarter. Federated Investors Inc. PA now owns 296,840 shares of the company’s stock valued at $6,777,000 after acquiring an additional 29,577 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Invitation Homes by 16.1% in the first quarter. Toronto Dominion Bank now owns 21,312 shares of the company’s stock valued at $487,000 after acquiring an additional 2,962 shares during the period.
INVH opened at $22.72 on Thursday. Invitation Homes Inc has a twelve month low of $20.25 and a twelve month high of $24.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $12.14 billion, a P/E ratio of 88.54, a PEG ratio of 3.46 and a beta of -0.45.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Thursday, August 16th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $0.44 annualized dividend and a yield of 1.94%. Invitation Homes’s dividend payout ratio is 169.23%.
INVH has been the subject of a number of recent research reports. Raymond James boosted their target price on shares of Invitation Homes from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st. Zacks Investment Research cut shares of Invitation Homes from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st. TheStreet cut shares of Invitation Homes from a “c-” rating to a “d+” rating in a research report on Wednesday, June 13th. Finally, Morgan Stanley cut their price objective on shares of Invitation Homes from $27.00 to $24.50 and set an “overweight” rating for the company in a research report on Thursday, June 14th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Invitation Homes has a consensus rating of “Buy” and a consensus price target of $25.77.
In related news, Director Barry S. Sternlicht sold 1,309,849 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $23.55, for a total transaction of $30,846,943.95. Following the completion of the sale, the director now owns 5,482 shares of the company’s stock, valued at $129,101.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.
Invitation Homes Profile
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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