Investigation Overview
An investigation on behalf of investors of Invitation Homes Inc (NYSE:INVH) shares over potential securities laws violations by Invitation Homes Inc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Invitation Homes Inc (NYSE:INVH) concerning whether a series of statements by Invitation Homes Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Dallas, TX based Invitation Homes Inc. is a real estate investment trust. Invitation Homes Inc went public in early 2017. Invitation Homes Inc reported that its annual Total Revenue rose from $836.05 million in 2015 to $922.59 million in 2016 and that its Net loss declined from $160.21 million in 2015 to $78.24 million in 2016.
On September 19, 2017, post-market, Invitation Homes Inc disclosed receipt of a letter from the staff of the U.S. Securities and Exchange Commission, 'stating that it is conducting an investigation captioned 'In the Matter of Certain Single Family Rental Securitizations.' The letter enclosed a subpoena that requests the production of certain documents and communications related to [Invitation Homes'] (and its predecessor's) Securitizations, including, without limitation, those related to [broker price opinions] provided on properties included in the Securitizations.