Invitation Homes Inc. (INVH) Announces Proposed 44M Share Secondary Offering
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Price: $28.98 -0.51%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4%
Revenue Growth %: +7.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4%
Revenue Growth %: +7.4%
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Invitation Homes Inc. (NYSE: INVH) announced today that certain selling stockholders affiliated with Blackstone have commenced a secondary offering of 44,000,000 shares of Invitation Homes common stock.
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.
Morgan Stanley, Citigroup and Goldman Sachs & Co. LLC are serving as the underwriters for the offering.
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