Hsbc Holdings PLC grew its holdings in shares of Invitation Home (NYSE:INVH – Free Report) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,722,345 shares of the company’s stock after acquiring an additional 54,581 shares during the quarter. Hsbc Holdings PLC’s holdings in Invitation Home were worth $82,337,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of Invitation Home by 67.4% during the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock worth $2,589,000 after acquiring an additional 29,962 shares in the last quarter. Empowered Funds LLC boosted its holdings in Invitation Home by 10.7% during the 1st quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after acquiring an additional 1,290 shares during the period. Sivia Capital Partners LLC bought a new position in Invitation Home during the 2nd quarter worth approximately $287,000. Cetera Investment Advisers grew its holdings in shares of Invitation Home by 8.5% in the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock worth $637,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in Invitation Home by 5.5% in the 2nd quarter. Cresset Asset Management LLC now owns 15,646 shares of the company’s stock worth $515,000 after acquiring an additional 809 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Invitation Home Price Performance
Shares of NYSE:INVH opened at $28.38 on Monday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $16.76 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 4.05 and a beta of 0.83. The firm’s 50 day moving average price is $29.90 and its 200-day moving average price is $28.21. Invitation Home has a twelve month low of $24.25 and a twelve month high of $30.89.
Invitation Home Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. Invitation Home’s dividend payout ratio is presently 110.09%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on INVH shares. JPMorgan Chase & Co. lifted their price objective on Invitation Home from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research report on Wednesday, July 22nd. Oppenheimer boosted their price objective on shares of Invitation Home from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Scotiabank increased their target price on Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Finally, Compass Point upgraded shares of Invitation Home to a “hold” rating in a report on Thursday, July 9th. Ten 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’s stock. According to MarketBeat.com, Invitation Home presently has an average rating of “Hold” and an average target price of $32.53.
Check Out Our Latest Stock Report on INVH
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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