Invitation Homes Inc (INVH) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in Invitation Homes Inc (NYSE:INVH) by 34.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,095,740 shares of the company’s stock after buying an additional 2,594,695 shares during the period. Invitation Homes accounts for approximately 1.9% of Daiwa Securities Group Inc.’s holdings, making the stock its 15th biggest holding. Daiwa Securities Group Inc.’s holdings in Invitation Homes were worth $231,294,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in INVH. Principal Financial Group Inc. increased its holdings in Invitation Homes by 5.2% in the first quarter. Principal Financial Group Inc. now owns 22,203,550 shares of the company’s stock valued at $506,907,000 after buying an additional 1,099,007 shares during the last quarter. Security Capital Research & Management Inc. increased its holdings in Invitation Homes by 86.1% in the second quarter. Security Capital Research & Management Inc. now owns 2,116,200 shares of the company’s stock valued at $48,800,000 after buying an additional 979,150 shares during the last quarter. Citadel Advisors LLC increased its holdings in Invitation Homes by 283.0% in the second quarter. Citadel Advisors LLC now owns 1,072,944 shares of the company’s stock valued at $24,742,000 after buying an additional 792,832 shares during the last quarter. Cbre Clarion Securities LLC increased its holdings in Invitation Homes by 5.8% in the second quarter. Cbre Clarion Securities LLC now owns 12,378,674 shares of the company’s stock valued at $285,452,000 after buying an additional 682,379 shares during the last quarter. Finally, Heitman Real Estate Securities LLC increased its holdings in Invitation Homes by 61.8% in the second quarter. Heitman Real Estate Securities LLC now owns 1,671,115 shares of the company’s stock valued at $40,481,000 after buying an additional 638,077 shares during the last quarter.

Separately, Raymond James boosted their price objective on Invitation Homes from $26.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Invitation Homes presently has a consensus rating of “Buy” and a consensus target price of $25.83.

In other news, Director Barry S. Sternlicht sold 1,309,849 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $23.55, for a total transaction of $30,846,943.95. Following the completion of the transaction, the director now directly owns 5,482 shares of the company’s stock, valued at $129,101.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

NYSE:INVH opened at $21.23 on Friday. Invitation Homes Inc has a 52 week low of $20.25 and a 52 week high of $24.30. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.14.

Invitation Homes (NYSE:INVH) last posted its earnings results on Thursday, August 9th. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $432.00 million during the quarter, compared to analyst estimates of $431.24 million. Invitation Homes had a negative return on equity of 0.98% and a negative net margin of 6.99%. The business’s revenue was up 78.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, equities research analysts expect that Invitation Homes Inc will post 1.18 EPS for the current fiscal year.

About Invitation Homes

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

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