Machina Capital S.A.S. Has $777,000 Stock Position in Invitation Home $INVH

Machina Capital S.A.S. lessened its holdings in Invitation Home (NYSE:INVH) by 74.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,476 shares of the company’s stock after selling 77,235 shares during the period. Machina Capital S.A.S.’s holdings in Invitation Home were worth $777,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in INVH. AQR Capital Management LLC raised its stake in shares of Invitation Home by 67.4% in the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock worth $2,589,000 after purchasing an additional 29,962 shares during the last quarter. Empowered Funds LLC grew its holdings in Invitation Home by 10.7% during the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock worth $464,000 after buying an additional 1,290 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Invitation Home in the 2nd quarter valued at $287,000. KLP Kapitalforvaltning AS raised its position in Invitation Home by 4.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 214,500 shares of the company’s stock valued at $7,088,000 after buying an additional 9,500 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in Invitation Home by 118.1% during the 2nd quarter. Shell Asset Management Co. now owns 69,334 shares of the company’s stock valued at $2,274,000 after acquiring an additional 37,550 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

INVH has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. UBS Group set a $40.00 price target on shares of Invitation Home in a report on Wednesday, January 21st. Bank of America decreased their price objective on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Oppenheimer set a $38.00 target price on Invitation Home and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Evercore ISI decreased their price target on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.70.

Invitation Home Stock Up 1.0%

Invitation Home stock opened at $26.44 on Thursday. The firm has a 50 day moving average price of $27.09 and a 200-day moving average price of $28.66. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a twelve month low of $25.29 and a twelve month high of $35.80. The company has a market capitalization of $16.21 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.85 and a beta of 0.83.

Invitation Home Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s payout ratio is currently 126.32%.

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.