Keybank National Association OH Trims Stock Position in Invitation Home $INVH

Keybank National Association OH trimmed its stake in shares of Invitation Home (NYSE:INVH) by 36.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,210 shares of the company’s stock after selling 44,637 shares during the quarter. Keybank National Association OH’s holdings in Invitation Home were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. IFP Advisors Inc lifted its holdings in shares of Invitation Home by 3,219.5% during the second quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock worth $45,000 after purchasing an additional 1,320 shares during the period. Mather Group LLC. acquired a new position in shares of Invitation Home during the third quarter worth about $42,000. CYBER HORNET ETFs LLC purchased a new position in Invitation Home during the second quarter worth about $49,000. MUFG Securities EMEA plc acquired a new stake in Invitation Home in the second quarter valued at about $55,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Invitation Home by 86.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,693 shares of the company’s stock valued at $50,000 after purchasing an additional 784 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INVH. Morgan Stanley dropped their price objective on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Royal Bank Of Canada dropped their price objective on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Barclays restated an “overweight” rating and set a $33.00 target price on shares of Invitation Home in a research report on Tuesday, January 13th. Finally, Citigroup reiterated a “market outperform” rating on shares of Invitation Home in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.70.

Invitation Home Stock Performance

Shares of INVH stock opened at $26.22 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.83. Invitation Home has a one year low of $25.29 and a one year high of $35.80. The company has a 50 day moving average price of $27.16 and a 200 day moving average price of $28.72.

Invitation Home Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, December 23rd were given a $0.30 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. Invitation Home’s dividend payout ratio is 126.32%.

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.