Sivia Capital Partners LLC acquired a new stake in Invitation Home (NYSE:INVH – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 29,396 shares of the company’s stock, valued at approximately $817,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. grew its holdings in Invitation Home by 12.3% during the third quarter. Assetmark Inc. now owns 4,060 shares of the company’s stock worth $119,000 after acquiring an additional 446 shares during the period. Clearstead Advisors LLC grew its holdings in Invitation Home by 24.9% during the third quarter. Clearstead Advisors LLC now owns 2,255 shares of the company’s stock worth $66,000 after acquiring an additional 450 shares during the period. Smartleaf Asset Management LLC grew its holdings in Invitation Home by 59.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $36,000 after acquiring an additional 466 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Invitation Home by 2.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,257 shares of the company’s stock worth $563,000 after acquiring an additional 484 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Invitation Home by 21.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,171 shares of the company’s stock worth $93,000 after acquiring an additional 564 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.
Invitation Home Stock Performance
NYSE INVH opened at $29.50 on Friday. Invitation Home has a 1-year low of $24.25 and a 1-year high of $34.25. The company has a market cap of $17.52 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 3.41 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 stock’s 50 day simple moving average is $27.48 and its 200-day simple moving average is $27.00.
Invitation Home Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, March 26th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.20 annualized dividend and a yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is 126.32%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on INVH. Barclays raised their target price on Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Wall Street Zen raised Invitation Home from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings raised Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Compass Point began coverage on Invitation Home in a report on Tuesday, April 28th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, KeyCorp dropped their target price on Invitation Home from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Invitation Home presently has a consensus rating of “Hold” and a consensus target price of $31.50.
Check Out 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.
Featured Articles
- Five stocks we like better than Invitation Home
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Home (NYSE:INVH – Free Report).
Receive News & Ratings for Invitation Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Home and related companies with MarketBeat.com's FREE daily email newsletter.
