Delta Global Management LP purchased a new stake in shares of Invitation Home (NYSE:INVH – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 81,486 shares of the company’s stock, valued at approximately $2,390,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hantz Financial Services Inc. lifted its position in shares of Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after buying an additional 1,068 shares in the last quarter. Smartleaf Asset Management LLC increased 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 acquiring an additional 466 shares in the last quarter. Mather Group LLC. purchased a new stake in Invitation Home in the 3rd quarter worth approximately $42,000. CYBER HORNET ETFs LLC bought a new stake in Invitation Home during the 2nd quarter worth approximately $49,000. Finally, Harbor Capital Advisors Inc. raised its stake in Invitation Home by 86.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,693 shares of the company’s stock worth $50,000 after acquiring an additional 784 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Invitation Home Trading Up 0.5%
Invitation Home stock opened at $25.12 on Tuesday. Invitation Home has a 1 year low of $24.87 and a 1 year high of $35.80. The firm’s 50 day moving average price is $26.47 and its 200-day moving average price is $27.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market cap of $15.30 billion, a P/E ratio of 26.16, a PEG ratio of 2.66 and a beta of 0.83.
Invitation Home Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, March 26th. Invitation Home’s dividend payout ratio is 125.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on INVH shares. Oppenheimer dropped their price target on shares of Invitation Home from $38.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Mizuho decreased their price objective on shares of Invitation Home from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday. UBS Group set a $40.00 target price on shares of Invitation Home in a research note on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Finally, Evercore set a $31.00 price target on Invitation Home in a research note on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.88.
View Our Latest Report on INVH
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.
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