Principal Securities Inc. Acquires Shares of 5,717 Invitation Homes Inc. (NYSE:INVH)

Principal Securities Inc. acquired a new stake in Invitation Homes Inc. (NYSE:INVHFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,717 shares of the company’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INVH. Morgan Stanley lifted its stake in Invitation Homes by 19.5% in the third quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock valued at $285,017,000 after buying an additional 1,466,330 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Invitation Homes by 9.6% in the third quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock valued at $390,912,000 after purchasing an additional 1,080,000 shares during the period. Barclays PLC increased its holdings in shares of Invitation Homes by 79.6% in the third quarter. Barclays PLC now owns 1,996,051 shares of the company’s stock valued at $63,259,000 after purchasing an additional 884,702 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Invitation Homes by 17.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,747,096 shares of the company’s stock valued at $162,238,000 after purchasing an additional 704,351 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Invitation Homes by 262.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 728,735 shares of the company’s stock valued at $23,094,000 after purchasing an additional 527,876 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Insider Activity

In other news, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the sale, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Charles D. Young sold 5,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INVH. Citigroup reissued a “neutral” rating and issued a $39.00 target price on shares of Invitation Homes in a report on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Invitation Homes in a report on Thursday, February 15th. BNP Paribas began coverage on Invitation Homes in a report on Monday, January 22nd. They set an “outperform” rating and a $39.00 price objective on the stock. Raymond James upped their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Invitation Homes in a report on Tuesday, January 30th. They set a “hold” rating and a $35.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.24.

Read Our Latest Report on INVH

Invitation Homes Stock Up 0.7 %

Shares of NYSE:INVH opened at $35.45 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a 52-week low of $28.49 and a 52-week high of $36.53. The stock’s fifty day simple moving average is $34.64 and its 200-day simple moving average is $33.83. The company has a market capitalization of $21.71 billion, a P/E ratio of 40.75, a P/E/G ratio of 2.14 and a beta of 0.95.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.16%. Invitation Homes’s dividend payout ratio is currently 128.74%.

Invitation Homes Profile

(Free Report)

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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