New York State Common Retirement Fund Grows Position in Invitation Homes Inc (INVH)

New York State Common Retirement Fund boosted its holdings in Invitation Homes Inc (NYSE:INVH) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,900 shares of the company’s stock after purchasing an additional 4,600 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Invitation Homes worth $4,347,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Aperio Group LLC purchased a new position in Invitation Homes during the 2nd quarter worth $322,000. Great West Life Assurance Co. Can purchased a new position in Invitation Homes during the 2nd quarter worth $805,000. Schwab Charles Investment Management Inc. raised its position in Invitation Homes by 228.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 744,900 shares of the company’s stock worth $16,113,000 after buying an additional 517,842 shares during the last quarter. Rhumbline Advisers purchased a new position in Invitation Homes during the 2nd quarter worth $2,140,000. Finally, Legal & General Group Plc raised its position in Invitation Homes by 44.7% during the 2nd quarter. Legal & General Group Plc now owns 188,517 shares of the company’s stock worth $4,077,000 after buying an additional 58,211 shares during the last quarter.

INVH has been the subject of a number of analyst reports. Deutsche Bank restated a “buy” rating and set a $26.00 price objective on shares of Invitation Homes in a research report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, August 30th. B. Riley set a $26.00 price target on shares of Invitation Homes and gave the stock a “buy” rating in a research note on Wednesday, November 15th. BTIG Research began coverage on shares of Invitation Homes in a research note on Monday, October 9th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 price target on shares of Invitation Homes in a research note on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.06.

In related news, Director John Bartling sold 188,850 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total value of $4,364,323.50. Following the sale, the director now directly owns 482,665 shares of the company’s stock, valued at approximately $11,154,388.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Invitation Homes Inc (NYSE INVH) opened at $23.37 on Wednesday. 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 Homes Inc has a 12 month low of $19.80 and a 12 month high of $24.30.

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

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