Invitation Home $INVH Position Increased by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Invitation Home (NYSE:INVH) by 30.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 160,974 shares of the company’s stock after purchasing an additional 37,892 shares during the period. ProShare Advisors LLC’s holdings in Invitation Home were worth $4,721,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in INVH. CIBC Asset Management Inc lifted its holdings in shares of Invitation Home by 446.4% in the third quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock valued at $13,277,000 after purchasing an additional 369,831 shares in the last quarter. PGGM Investments raised its position in Invitation Home by 13.0% during the third quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock valued at $166,381,000 after buying an additional 653,539 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Invitation Home by 5.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,339,473 shares of the company’s stock worth $68,617,000 after acquiring an additional 128,561 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Invitation Home by 0.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock worth $2,084,000 after acquiring an additional 533 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Invitation Home by 220.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,966 shares of the company’s stock worth $720,000 after acquiring an additional 15,106 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Up 0.5%

INVH stock opened at $26.97 on Friday. The firm has a market cap of $16.53 billion, a PE ratio of 28.38, a PEG ratio of 2.92 and a beta of 0.83. Invitation Home has a 1 year low of $25.29 and a 1 year high of $35.80. The company has a fifty day simple moving average of $26.97 and a 200 day simple moving average of $28.43. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were given a $0.30 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, December 23rd. Invitation Home’s payout ratio is presently 126.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on INVH shares. Barclays reiterated an “overweight” rating and issued a $33.00 target price on shares of Invitation Home in a report on Tuesday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Mizuho restated a “neutral” rating and set a $27.00 price target (down from $30.00) on shares of Invitation Home in a report on Thursday, January 8th. Royal Bank Of Canada dropped their price target on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Finally, Bank of America cut their price objective on Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.70.

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.