NFJ Investment Group LLC reduced its holdings in Invitation Home (NYSE:INVH – Free Report) by 5.6% in the 4th quarter, HoldingsChannel reports. The fund owned 432,865 shares of the company’s stock after selling 25,843 shares during the period. NFJ Investment Group LLC’s holdings in Invitation Home were worth $12,029,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in Invitation Home by 1,695.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after acquiring an additional 1,068 shares during the period. Smartleaf Asset Management LLC increased its position in Invitation Home by 59.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after acquiring an additional 466 shares during the period. Cromwell Holdings LLC increased its position in Invitation Home by 2,463.5% in the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock valued at $37,000 after acquiring an additional 1,281 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after acquiring an additional 1,360 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in Invitation Home in the 2nd quarter valued at approximately $55,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Invitation Home Trading Up 0.8%
NYSE:INVH opened at $29.68 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 3.48 and a beta of 0.85. The firm has a fifty day simple moving average of $28.07 and a two-hundred day simple moving average of $27.09. Invitation Home has a 12 month low of $24.25 and a 12 month high of $34.25.
Invitation Home Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 25th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is presently 126.32%.
Analyst Ratings Changes
Several research firms have recently weighed in on INVH. Citigroup decreased their price objective on shares of Invitation Home from $36.50 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Home from $28.00 to $29.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Wells Fargo & Company increased their price objective on shares of Invitation Home from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Morgan Stanley decreased their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, March 9th. Finally, Compass Point began coverage on shares of Invitation Home in a research report on Tuesday, April 28th. They set a “neutral” rating and a $30.00 price objective for the company. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.50.
View Our Latest Analysis on Invitation Home
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.
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