Entropy Technologies LP boosted its position in shares of Invitation Home (NYSE:INVH – Free Report) by 81.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,157 shares of the company’s stock after purchasing an additional 78,473 shares during the period. Entropy Technologies LP’s holdings in Invitation Home were worth $4,868,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in Invitation Home by 1,695.2% during the third quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after purchasing an additional 1,068 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Invitation Home by 59.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after purchasing an additional 466 shares during the last quarter. Cromwell Holdings LLC boosted its position in Invitation Home by 2,463.5% during the fourth quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock valued at $37,000 after purchasing an additional 1,281 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Invitation Home by 136,000.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Avalon Trust Co acquired a new stake in Invitation Home during the third quarter valued at $53,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
Invitation Home Stock Performance
INVH opened at $29.68 on Monday. The company has a market cap of $17.63 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 3.48 and a beta of 0.85. The stock has a 50-day moving average of $28.07 and a 200-day moving average of $27.08. Invitation Home has a 52-week low of $24.25 and a 52-week high of $34.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02.
Invitation Home Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, June 25th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 25th. Invitation Home’s payout ratio is currently 126.32%.
Analyst Upgrades and Downgrades
INVH has been the subject of a number of research reports. Evercore reissued an “outperform” rating and set a $32.00 price objective on shares of Invitation Home in a research report on Friday, May 1st. Scotiabank boosted their price target on Invitation Home from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. Wells Fargo & Company upped their price target on Invitation Home from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Wall Street Zen upgraded Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings upgraded Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Invitation Home has a consensus rating of “Hold” and a consensus target price of $31.50.
Read Our Latest Analysis on INVH
Invitation Home Company Profile
Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.
Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.
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