Invitation Home $INVH Position Boosted by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Invitation Home (NYSE:INVH) by 30.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,974 shares of the company’s stock after acquiring an additional 37,892 shares during the quarter. ProShare Advisors LLC’s holdings in Invitation Home were worth $4,721,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake 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 purchasing an additional 29,962 shares in the last quarter. Empowered Funds LLC lifted its holdings in Invitation Home by 10.7% in the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock worth $464,000 after purchasing an additional 1,290 shares during the period. Sivia Capital Partners LLC acquired a new stake in Invitation Home in the second quarter worth about $287,000. IFP Advisors Inc grew its position in Invitation Home by 3,219.5% in the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after buying an additional 1,320 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake 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 valued at $1,581,000 after buying an additional 6,556 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Invitation Home in a research note on Monday, December 29th. Royal Bank Of Canada dropped their target price on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Mizuho reaffirmed a “neutral” rating and set a $27.00 price target (down from $30.00) on shares of Invitation Home in a research note on Thursday, January 8th. Morgan Stanley lowered their price target on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Finally, Evercore cut their price objective on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Invitation Home presently has an average rating of “Moderate Buy” and a consensus price target of $34.70.

Invitation Home Trading Up 0.5%

Invitation Home stock opened at $26.97 on Friday. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth 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 firm’s 50 day moving average price is $26.97 and its two-hundred day moving average price is $28.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03.

Invitation Home Increases Dividend

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

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.