Rhumbline Advisers Sells 48,294 Shares of Invitation Home $INVH

Rhumbline Advisers lessened its holdings in shares of Invitation Home (NYSE:INVH) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,169,148 shares of the company’s stock after selling 48,294 shares during the quarter. Rhumbline Advisers’ holdings in Invitation Home were worth $34,291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INVH. AQR Capital Management LLC increased its holdings in shares of Invitation Home by 67.4% in 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 grew its position in shares of Invitation Home by 10.7% in the 1st quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after purchasing an additional 1,290 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Invitation Home in the 2nd quarter valued at approximately $287,000. IFP Advisors Inc increased its stake in Invitation Home by 3,219.5% during the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock worth $45,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Invitation Home by 15.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 48,201 shares of the company’s stock worth $1,581,000 after buying an additional 6,556 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Price Performance

Shares of NYSE INVH opened at $26.97 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. The business has a 50-day moving average of $26.97 and a 200-day moving average of $28.41. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 2.94 and a beta of 0.83. Invitation Home has a fifty-two week low of $25.29 and a fifty-two week high of $35.80.

Invitation Home Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on INVH. Barclays reiterated an “overweight” rating and issued a $33.00 price target on shares of Invitation Home in a report on Tuesday, January 13th. Keefe, Bruyette & Woods lowered their target price on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 18th. Bank of America reduced their price objective on Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, Mizuho reissued a “neutral” rating and issued a $27.00 target price (down previously from $30.00) on shares of Invitation Home in a research report on Thursday, January 8th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.