Invitation Home $INVH Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lessened its holdings in Invitation Home (NYSE:INVH) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,821 shares of the company’s stock after selling 17,483 shares during the period. Quantinno Capital Management LP’s holdings in Invitation Home were worth $1,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its position in Invitation Home by 3.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,413,502 shares of the company’s stock worth $67,071,000 after purchasing an additional 74,029 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Invitation Home in the fourth quarter valued at $1,756,000. Legal & General Group Plc boosted its position in shares of Invitation Home by 6.6% in the fourth quarter. Legal & General Group Plc now owns 5,735,955 shares of the company’s stock worth $159,402,000 after buying an additional 355,825 shares during the period. Lecap Asset Management Ltd. boosted its position in shares of Invitation Home by 113.5% in the fourth quarter. Lecap Asset Management Ltd. now owns 88,041 shares of the company’s stock worth $2,447,000 after buying an additional 46,812 shares during the period. Finally, Algebris UK Ltd. acquired a new stake in shares of Invitation Home in the fourth quarter worth $15,370,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Down 0.1%

INVH opened at $29.77 on Thursday. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $31.38. The business has a 50-day moving average of $29.79 and a 200-day moving average of $27.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market capitalization of $17.58 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.49 and a beta of 0.83.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is presently 110.09%.

Analyst Upgrades and Downgrades

INVH has been the topic of several recent analyst reports. Mizuho upped their price target on Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, June 17th. BMO Capital Markets raised their price objective on Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. Citigroup reaffirmed a “buy” rating on shares of Invitation Home in a research note on Thursday, August 6th. Wall Street Zen upgraded Invitation Home from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Oppenheimer increased their price target on shares of Invitation Home from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.68.

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.