Paralel Advisors LLC boosted its position in shares of Invitation Home (NYSE:INVH – Free Report) by 218.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,628 shares of the company’s stock after purchasing an additional 45,000 shares during the period. Paralel Advisors LLC’s holdings in Invitation Home were worth $1,983,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of INVH. Clearstead Trust LLC acquired a new position in Invitation Home in the 2nd quarter worth about $28,000. Raiffeisen Bank International AG lifted its holdings in shares of Invitation Home by 174.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company’s stock valued at $40,000 after buying an additional 827 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after buying an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc bought a new stake in shares of Invitation Home in the 4th quarter valued at approximately $42,000. Finally, MUFG Securities EMEA plc acquired a new position in Invitation Home in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Invitation Home Stock Down 0.0%
INVH opened at $28.38 on Monday. The firm has a market cap of $16.76 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 4.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The business has a 50 day moving average price of $29.90 and a 200 day moving average price of $28.21. Invitation Home has a twelve month low of $24.25 and a twelve month high of $30.89.
Invitation Home Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. Invitation Home’s payout ratio is currently 110.09%.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Invitation Home in a research note on Thursday, August 6th. Wells Fargo & Company upgraded shares of Invitation Home from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $31.00 to $33.00 in a report on Wednesday, June 24th. Scotiabank lifted their price objective on shares of Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Compass Point upgraded shares of Invitation Home to a “hold” rating in a report on Thursday, July 9th. Finally, Raymond James Financial raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Invitation Home presently has an average rating of “Hold” and a consensus target price of $32.53.
View Our Latest Report on Invitation Home
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.
Featured Articles
- Five stocks we like better than Invitation Home
- AI Token Costs Are Changing the Hardware vs. Software Debate
- 3 ETFs That Could Move as Rate Expectations Shift
- 3 Stocks With September Catalysts Investors Shouldn’t Ignore
- Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains
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.
