News Spotlight: Invitation Homes Inc. (NYSE:INVH)

On Thursday Invitation Homes Inc. (NYSE:INVH) traded with change of -2.46% on volume of 30028375 shares in the last session as compared to average volume of 3383565 shares. During last trade its minimum price was $29.11 and it gained highest price of $30.12. INVH has total market capitalization of $15784627075. Its closing value stands at $29.32.

On Nov. 21, 2019, Invitation Homes Inc. (NYSE:INVH) notified the pricing of a secondary offering of 57,600,000 shares of Invitation Homes common stock by certain selling stockholders affiliated with Blackstone at $30.10 per share.  The offering is expected to close on November 26, 2019, subject to customary closing conditions. Upon consummation of this offering and Blackstone’s related distribution of its remaining 300,452 shares in Invitation Homes to its partners, Blackstone will no longer beneficially own shares in Invitation Homes.

Invitation Homes is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. In addition, none of Invitation Homes’ officers or directors are selling any shares of common stock beneficially owned by them in the offering.

About Invitation Homes

Invitation Homes is a leading owner and operator of single-family rental homes, 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.  The Company’s mission statement, Together with you, we make a house a home, reflects its commitment to high-touch service that continuously enhances residents’ living experiences and provides homes where individuals and families can thrive.

Leave a Reply

Your email address will not be published.