Invitation Home $INVH Stock Position Cut by Shell Asset Management Co.

Shell Asset Management Co. trimmed its stake in shares of Invitation Home (NYSE:INVH) by 35.8% during the third quarter, Holdings Channel reports. The institutional investor owned 44,523 shares of the company’s stock after selling 24,811 shares during the period. Shell Asset Management Co.’s holdings in Invitation Home were worth $1,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in Invitation Home during the second quarter worth approximately $1,693,992,000. AQR Capital Management LLC lifted its holdings in shares of Invitation Home by 2,205.3% in the second quarter. AQR Capital Management LLC now owns 1,715,777 shares of the company’s stock valued at $56,277,000 after buying an additional 1,641,351 shares during the period. First Trust Advisors LP boosted its stake in Invitation Home by 1,556.8% during the second quarter. First Trust Advisors LP now owns 1,460,638 shares of the company’s stock valued at $47,909,000 after buying an additional 1,372,478 shares in the last quarter. Invesco Ltd. grew its holdings in Invitation Home by 11.9% during the second quarter. Invesco Ltd. now owns 11,745,333 shares of the company’s stock worth $385,247,000 after acquiring an additional 1,247,682 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Invitation Home by 367.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,255,077 shares of the company’s stock worth $41,167,000 after acquiring an additional 986,452 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Stock Performance

INVH stock opened at $26.97 on Monday. The firm has a 50 day simple moving average of $26.97 and a 200 day simple moving average of $28.39. Invitation Home has a 52 week low of $25.29 and a 52 week high of $35.80. The stock has a market cap of $16.53 billion, a P/E ratio of 28.38, a P/E/G ratio of 2.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03.

Invitation Home Increases Dividend

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

Wall Street Analysts Forecast Growth

INVH has been the subject of several research reports. Oppenheimer set a $38.00 price objective on shares of Invitation Home and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Evercore dropped their price target on Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. reduced their price objective on Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Barclays reiterated an “overweight” rating and issued a $33.00 price target on shares of Invitation Home in a research report on Tuesday, January 13th. Finally, Morgan Stanley cut 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. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Invitation Home currently has a consensus rating of “Moderate Buy” and an average 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.