Metis Global Partners LLC Boosts Stock Position in Invitation Home $INVH

Metis Global Partners LLC increased its position in Invitation Home (NYSE:INVH) by 28.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,769 shares of the company’s stock after acquiring an additional 32,693 shares during the quarter. Metis Global Partners LLC’s holdings in Invitation Home were worth $4,334,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in INVH. Hantz Financial Services Inc. boosted its position in shares of Invitation Home by 1,695.2% in the third quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after purchasing an additional 1,068 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Invitation Home by 59.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $36,000 after buying an additional 466 shares during the period. IFP Advisors Inc increased its stake in Invitation Home by 3,219.5% in the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock worth $45,000 after buying an additional 1,320 shares in the last quarter. Mather Group LLC. bought a new stake in Invitation Home during the third quarter valued at about $42,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Invitation Home in the second quarter valued at about $49,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Up 0.5%

Shares of INVH opened at $26.97 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 2.92 and a beta of 0.83. Invitation Home has a 1 year low of $25.29 and a 1 year high of $35.80. The business’s 50 day simple moving average is $26.97 and its 200-day simple moving average is $28.43.

Invitation Home Increases Dividend

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

Wall Street Analysts Forecast Growth

INVH has been the subject of several research analyst reports. UBS Group set a $40.00 target price on Invitation Home in a research report on Wednesday, January 21st. Evercore cut their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Barclays reissued an “overweight” rating and issued a $33.00 target price on shares of Invitation Home in a report on Tuesday, January 13th. JPMorgan Chase & Co. cut 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. Finally, Royal Bank Of Canada reduced their price target on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.70.

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.