Nationwide Fund Advisors increased its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 6,856.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,036 shares of the company’s stock after buying an additional 311,493 shares during the quarter. Nationwide Fund Advisors owned 0.10% of Invitation Homes worth $7,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in INVH. GAM Holding AG lifted its holdings in shares of Invitation Homes by 28.1% in the 2nd quarter. GAM Holding AG now owns 7,300 shares of the company’s stock valued at $158,000 after buying an additional 1,600 shares during the period. Phocas Financial Corp. purchased a new position in shares of Invitation Homes during the second quarter worth about $223,000. QS Investors LLC acquired a new stake in Invitation Homes in the second quarter valued at about $225,000. Veritable L.P. acquired a new stake in Invitation Homes in the second quarter valued at about $269,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Invitation Homes in the second quarter valued at about $269,000.
In related news, Director John Bartling sold 188,850 shares of Invitation Homes stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the transaction, the director now owns 482,665 shares in the company, valued at approximately $11,154,388.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price objective on shares of Invitation Homes in a research report on Friday, August 18th. Evercore ISI set a $26.00 price objective on shares of Invitation Homes and gave the company an “outperform” rating in a research report on Monday, November 27th. Citigroup assumed coverage on shares of Invitation Homes in a research report on Friday. They issued a “buy” rating and a $27.00 price objective for the company. BTIG Research began coverage on shares of Invitation Homes in a research report on Monday, October 9th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, FBR & Co reiterated a “buy” rating on shares of Invitation Homes in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Invitation Homes currently has an average rating of “Buy” and an average price target of $24.94.
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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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