NFJ Investment Group LLC lessened its position in shares of Invitation Home (NYSE:INVH – Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 432,865 shares of the company’s stock after selling 25,843 shares during the period. NFJ Investment Group LLC owned approximately 0.07% of Invitation Home worth $12,029,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in shares of Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after acquiring an additional 1,068 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Invitation Home by 59.1% during the 3rd 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. Cromwell Holdings LLC lifted its holdings in shares of Invitation Home by 2,463.5% during the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after acquiring an additional 1,281 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Invitation Home by 136,000.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock worth $40,000 after acquiring an additional 1,360 shares during the period. Finally, Avalon Trust Co bought a new stake in shares of Invitation Home during the 3rd quarter worth approximately $53,000. Institutional investors own 96.79% of the company’s stock.
Invitation Home Price Performance
Shares of NYSE:INVH opened at $29.68 on Friday. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 3.48 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 firm has a 50 day simple moving average of $28.07 and a 200 day simple moving average of $27.09. Invitation Home has a one year low of $24.25 and a one year high of $34.25.
Invitation Home Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, June 25th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.20 annualized dividend and a yield of 4.0%. Invitation Home’s dividend payout ratio is presently 126.32%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and set a $32.00 price target on shares of Invitation Home in a report on Friday, May 1st. Raymond James Financial raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, May 18th. Mizuho cut their price target on shares of Invitation Home from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Scotiabank upped their price target on shares of Invitation Home from $27.00 to $29.00 and gave the stock a “sector perform” rating in a report on Thursday, May 21st. Finally, Cfra downgraded shares of Invitation Home from a “hold” rating to a “sell” rating and dropped their price objective for the company from $29.00 to $27.00 in a research note on Wednesday, May 27th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.50.
Check Out Our Latest Report on Invitation Home
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.
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