BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Invitation Home (NYSE:INVH – Free Report) by 122.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,850 shares of the company’s stock after acquiring an additional 32,353 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Invitation Home were worth $1,462,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aurora Investment Managers LLC. acquired a new stake in Invitation Home during the fourth quarter valued at approximately $2,740,000. Swiss Life Asset Management Ltd grew its position in shares of Invitation Home by 189.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 138,276 shares of the company’s stock worth $4,056,000 after acquiring an additional 90,554 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Invitation Home in the 3rd quarter worth approximately $1,549,000. Tudor Investment Corp ET AL increased its holdings in shares of Invitation Home by 570.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 130,998 shares of the company’s stock valued at $3,842,000 after acquiring an additional 111,461 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Invitation Home by 3.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,413,502 shares of the company’s stock valued at $67,071,000 after acquiring an additional 74,029 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Invitation Home Stock Performance
INVH opened at $29.62 on Thursday. Invitation Home has a twelve month low of $24.25 and a twelve month high of $33.94. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.50. The stock has a market cap of $17.60 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 3.41 and a beta of 0.85. The business’s 50 day moving average is $28.56 and its 200-day moving average is $27.13.
Invitation Home Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, June 25th. Invitation Home’s payout ratio is 126.32%.
Analysts Set New Price Targets
A number of brokerages have weighed in on INVH. Compass Point assumed coverage on shares of Invitation Home in a report on Tuesday, April 28th. They set a “neutral” rating and a $30.00 target price on the stock. Barclays lifted their target price on Invitation Home from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Scotiabank upped their target price on Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Weiss Ratings upgraded Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Finally, Royal Bank Of Canada raised their price target on Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.11.
View Our Latest Stock Analysis on INVH
Invitation Home 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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