Hsbc Holdings PLC raised its position in Invitation Home (NYSE:INVH – Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,977,682 shares of the company’s stock after purchasing an additional 17,985 shares during the period. Hsbc Holdings PLC’s holdings in Invitation Home were worth $82,845,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Invitation Home in the fourth quarter worth about $1,438,952,000. UBS Group AG grew its stake in Invitation Home by 101.4% during the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after acquiring an additional 2,505,909 shares in the last quarter. Amundi raised its holdings in Invitation Home by 169.0% in the 3rd quarter. Amundi now owns 3,296,876 shares of the company’s stock valued at $93,038,000 after acquiring an additional 2,071,407 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Invitation Home by 79.6% in the 4th quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock worth $125,737,000 after purchasing an additional 2,004,728 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Invitation Home by 53.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock worth $149,441,000 after purchasing an additional 1,884,188 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Invitation Home Stock Down 0.0%
Shares of NYSE INVH opened at $28.40 on Tuesday. The company has a market capitalization of $16.87 billion, a P/E ratio of 29.89, a P/E/G ratio of 3.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.02 and a quick ratio of 0.02. The company has a 50 day simple moving average of $28.42 and a 200-day simple moving average of $27.11. Invitation Home has a 1 year low of $24.25 and a 1 year high of $34.19.
Invitation Home Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, June 25th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, June 25th. Invitation Home’s dividend payout ratio is 126.32%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price target on 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. Cfra lowered Invitation Home from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. Oppenheimer dropped their target price on Invitation Home from $38.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Raymond James Financial raised Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, May 18th. Finally, UBS Group reduced their price target on Invitation Home from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.00.
Read Our Latest Research Report on INVH
Invitation Home 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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