Andra AP fonden lowered its position in shares of Invitation Home (NYSE:INVH – Free Report) by 31.2% during the first quarter, HoldingsChannel.com reports. The fund owned 170,472 shares of the company’s stock after selling 77,228 shares during the quarter. Andra AP fonden’s holdings in Invitation Home were worth $4,236,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Tudor Investment Corp ET AL increased its stake in 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 buying an additional 111,461 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Invitation Home by 3.2% in the fourth 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 in the last quarter. Oak Thistle LLC increased its position in shares of Invitation Home by 1,538.3% during the fourth quarter. Oak Thistle LLC now owns 130,210 shares of the company’s stock valued at $3,619,000 after acquiring an additional 122,262 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Invitation Home during the fourth quarter valued at approximately $1,756,000. Finally, SG Americas Securities LLC lifted its holdings in Invitation Home by 535.7% during the fourth quarter. SG Americas Securities LLC now owns 1,204,463 shares of the company’s stock worth $33,472,000 after acquiring an additional 1,014,984 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Invitation Home Stock Down 1.1%
Shares of NYSE INVH opened at $29.53 on Thursday. Invitation Home has a 52 week low of $24.25 and a 52 week high of $32.67. The business has a 50-day simple moving average of $29.49 and a two-hundred day simple moving average of $27.55. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. The company has a market cap of $17.54 billion, a P/E ratio of 31.08, a P/E/G ratio of 3.50 and a beta of 0.84.
Invitation Home Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a yield of 4.1%. Invitation Home’s payout ratio is 126.32%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on INVH shares. UBS Group upped their price objective on Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $31.00 to $33.00 in a research note on Wednesday, June 24th. BMO Capital Markets increased their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada lifted their price objective on shares of Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.47.
Get Our Latest Analysis on Invitation Home
About Invitation Home
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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