With Shares Trading up at $35.35 (SFR) Rowley Law PLLC is Investigating…

Starwood Waypoint's chief executive Fred Tuomi will head the merged company

Several other institutional investors also recently modified their holdings of INVH. Finally, Prudential Financial Inc. boosted its stake in Colony Starwood Homes by 5.4% in the first quarter. RBC Capital Markets maintained the stock with "Buy" rating in Thursday, March 30 report. Based on Invitation Homes Inc.'s current price of $20.99, the dividend is 0.38 %. PNC Financial Services Group Inc. bought a new position in Invitation Home during the first quarter worth approximately $111,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Invitation Home during the first quarter worth about $7,051,000. Can raised its position in Colony Starwood Homes by 23.6% in the second quarter. Great West Life Assurance Co. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Institutional investors own 86.29% of the company's stock.

Here is the rundown on market activity for Starwood Waypoint Homes of Ben (NYSE:SFR). At the time of writing, the First Call consensus price target for the company is $6.10.

"This strategic transaction combines two companies with highly complementary capabilities, including Invitation Homes' industry-leading approach to customer service and asset-management expertise, and Starwood Waypoint Homes' industry-leading technology", the companies said.

It is trading at $35.35 marginally over $34.55, the stock's 50 day moving average and which is just over the 200 day moving average of $33.81.

Colony Starwood Homes (NYSE:SFR) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by $0.02. Colony Starwood Homes had a negative net margin of 8.24% and a negative return on equity of 1.32%. The company had revenue of $238.80 million during the quarter, compared to analysts' expectations of $238.10 million.

The deal would also reduce Blackstone's stake in the combined company to 41 per cent, compared with a 70 per cent stake in Invitation Homes.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another site, it was copied illegally and reposted in violation of US & worldwide copyright and trademark laws. The original version of this piece can be accessed at https://baseballnewssource.com/markets/geode-capital-management-llc-invests-12-87-million-in-invitation-home-inc-invh-updated-updated/1266761.html.

A number of equities analysts have recently commented on the stock. They issued a "buy" rating and a $40.00 price target on the stock. They issued an "outperform" rating and a $38.00 price target on the stock. Evercore ISI started coverage on shares of Invitation Home in a research note on Monday, June 5th. Finally, Zacks Investment Research upgraded Invitation Home from a "hold" rating to a "buy" rating and set a $24.00 price target for the company in a report on Wednesday, July 12th. Zelman & Associates raised shares of Invitation Home from a "hold" rating to a "buy" rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Invitation Home presently has a consensus rating of "Buy" and a consensus price target of $24.08. The stock was sold at an average price of $34.69, for a total value of $135,194,561.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10,986,318 shares of the company were exchanged.

Under the terms of the deal, each Starwood Waypoint Homes share will be converted into 1.614 Invitation Homes shares. The Company owns and operates single-family homes for lease in the United States.

Related News: