Stock SEC Filing: Why Luo Zhen Reported Big Reven Housing Reit, Inc Position?

Stock SEC Filing: Why Luo Zhen Reported Big Reven Housing Reit, Inc Position?

The New Luo Zhen Holding in Reven Housing Reit, Inc

Luo Zhen filed with the SEC SC 13G form for Reven Housing Reit, Inc. The form can be accessed here: 000114420416132472. As reported in Luo Zhen’s form, the filler as of late owns 9.7% or 980,000 shares of the -company.

Reven Housing Reit, Inc stake is a new one for the and it was filed because of activity on August 26, 2016. We feel this shows Luo Zhen’s positive view for the stock.

Business Profile

Reven Housing REIT, Inc. is a holding company. The Company is an internally managed real estate investment trust. It is engaged in the acquisition, ownership and operation of portfolios of leased single family homes in the United States. Its objective is to generate cash flow and distribute resulting profits to its stockholders in the form of distributions, while gaining home price appreciation at the same time through the ownership of its portfolio properties. It operates its portfolio properties as single family rentals (SFRs), and generates its revenue from rental income from the existing tenants of the SFRs. As of December 31, 2015, it owned a total of 527 homes, of which 256 homes were in the Jacksonville, Florida metropolitan area; 168 homes were in the Houston, Texas metropolitan area; 94 homes were in the Memphis, Tennessee metropolitan area (with two of the Memphis homes located across the border in Mississippi), and nine homes were in the Atlanta, Georgia metropolitan area.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

The stock closed at $5.5 during the last session. It is down 14.73% since April 6, 2016 and is downtrending. It has underperformed by 17.86% the S&P500.

Reven Housing REIT, Inc. is a holding company. The company has a market cap of $55.65 million. The Firm is an internally managed real estate investment trust. It currently has negative earnings. It is engaged in the acquisition, ownership and operation of portfolios of leased single family homes in the United States.

More notable recent Reven Housing Reit Inc (NASDAQ:RVEN) news were published by: Prnewswire.com which released: “Reven Housing REIT Commences $28.75 Million Public Offering” on February 16, 2016, also Prnewswire.com with their article: “Reven Housing REIT Acquires 45 SFR Portfolio in Jacksonville, Florida” published on October 19, 2015, Prnewswire.com published: “Reven Housing REIT Acquires 73 More Homes in Florida” on March 23, 2015. More interesting news about Reven Housing Reit Inc (NASDAQ:RVEN) were released by: Nasdaq.com and their article: “Texas-focused Reven Housing REIT sets terms for $16 million IPO” published on September 29, 2015 as well as Jacksonville.com‘s news article titled: “Sunday Business Notebook: Goodwill getting 2 new sites in Jacksonville’s …” with publication date: July 12, 2014.

According to Zacks Investment Research, “Reven Housing REIT, Inc. is engaged in the acquisition and ownership of portfolios of single family rental properties. It owns and operates primarily in Florida, Georgia, Mississippi, Tennessee, Texas and the United States. Reven Housing REIT, Inc. is headquartered in La Jolla, California.”

RVEN Company Profile

Reven Housing REIT, Inc. is a holding company. The Firm is an internally managed real estate investment trust (REIT). The Firm is engaged in the acquisition, ownership and operation of portfolios of leased single family homes in the United States. The Company’s objective is to generate cash flow and distribute resulting profits to its stockholders in the form of distributions, while gaining home price appreciation (HPA) at the same time through the ownership of its portfolio properties. The Firm operates its portfolio properties as single family rentals (SFRs), and it generates its revenue from rental income from the existing tenants of the SFRs.

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