Hsbc Holdings PLC increased its holdings in Invitation Home (NYSE:INVH – Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,977,682 shares of the company’s stock after acquiring an additional 17,985 shares during the period. Hsbc Holdings PLC’s holdings in Invitation Home were worth $82,845,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new position in Invitation Home during the 4th quarter valued at about $1,438,952,000. UBS Group AG lifted its holdings in shares of Invitation Home by 101.4% in the third quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after purchasing an additional 2,505,909 shares in the last quarter. Amundi boosted its position in shares of Invitation Home by 169.0% during the third quarter. Amundi now owns 3,296,876 shares of the company’s stock valued at $93,038,000 after buying an additional 2,071,407 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Invitation Home by 79.6% during the fourth quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock valued at $125,737,000 after buying an additional 2,004,728 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Invitation Home by 53.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock worth $149,441,000 after buying an additional 1,884,188 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.
Invitation Home Stock Performance
Shares of INVH opened at $30.52 on Friday. 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 company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 3.58 and a beta of 0.84. The stock has a 50 day moving average of $29.06 and a 200 day moving average of $27.32. Invitation Home has a 12 month low of $24.25 and a 12 month high of $32.81.
Invitation Home Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, June 25th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, June 25th. Invitation Home’s payout ratio is 126.32%.
Wall Street Analyst Weigh In
INVH has been the subject of a number of analyst reports. Wall Street Zen raised Invitation Home from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a research note on Friday, June 26th. Barclays upped their target price on shares of Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Morgan Stanley dropped their price target on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.11.
Read Our Latest Report 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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