Metis Global Partners LLC Buys 32,693 Shares of Invitation Home $INVH

Metis Global Partners LLC lifted its stake in Invitation Home (NYSE:INVH) by 28.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,769 shares of the company’s stock after purchasing an additional 32,693 shares during the quarter. Metis Global Partners LLC’s holdings in Invitation Home were worth $4,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in Invitation Home by 12.3% in the third quarter. Assetmark Inc. now owns 4,060 shares of the company’s stock worth $119,000 after buying an additional 446 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Invitation Home by 174.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 321,586 shares of the company’s stock worth $9,432,000 after acquiring an additional 204,324 shares during the last quarter. Cibc World Market Inc. lifted its position in Invitation Home by 57.7% in the 3rd quarter. Cibc World Market Inc. now owns 364,556 shares of the company’s stock valued at $10,692,000 after acquiring an additional 133,390 shares in the last quarter. Profund Advisors LLC boosted its stake in Invitation Home by 12.7% during the 3rd quarter. Profund Advisors LLC now owns 7,582 shares of the company’s stock valued at $222,000 after purchasing an additional 853 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Invitation Home by 30.8% in the 3rd quarter. ProShare Advisors LLC now owns 160,974 shares of the company’s stock worth $4,721,000 after purchasing an additional 37,892 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Home Stock Performance

Shares of NYSE INVH opened at $26.97 on Friday. Invitation Home has a 12-month low of $25.29 and a 12-month high of $35.80. The firm has a market capitalization 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. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $26.97 and a 200 day moving average of $28.43.

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 paid a $0.30 dividend. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 23rd. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Invitation Home’s dividend payout ratio (DPR) is currently 126.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on INVH shares. Mizuho reaffirmed 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 lowered their target price 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. Evercore reduced their price target on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Barclays restated an “overweight” rating and set a $33.00 price objective on shares of Invitation Home in a research report on Tuesday, January 13th. Finally, Bank of America cut their target price on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.70.

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.