Rhumbline Advisers Sells 48,294 Shares of Invitation Home $INVH

Rhumbline Advisers trimmed its position in shares of Invitation Home (NYSE:INVH) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,169,148 shares of the company’s stock after selling 48,294 shares during the period. Rhumbline Advisers owned approximately 0.19% of Invitation Home worth $34,291,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in INVH. AQR Capital Management LLC increased its position in shares of Invitation Home by 67.4% during the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock valued at $2,589,000 after purchasing an additional 29,962 shares during the period. Empowered Funds LLC increased its holdings in Invitation Home by 10.7% in the 1st quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after buying an additional 1,290 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Invitation Home in the 2nd quarter valued at $287,000. IFP Advisors Inc lifted its holdings in shares of Invitation Home by 3,219.5% during the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock worth $45,000 after acquiring an additional 1,320 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of 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 acquiring an additional 6,556 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Up 0.5%

Shares of NYSE INVH opened at $26.97 on Friday. 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 is $26.97 and its 200-day moving average is $28.41. 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 market capitalization of $16.53 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.83.

Invitation Home Increases Dividend

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

Analyst Upgrades and Downgrades

INVH has been the topic of a number of recent research reports. Oppenheimer set a $38.00 price objective on Invitation Home and gave the company an “outperform” rating in a report on Tuesday, November 4th. Morgan Stanley decreased their price target on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Citigroup reiterated a “market outperform” rating on shares of Invitation Home in a research note on Wednesday, January 21st. Scotiabank reduced their target price on shares of Invitation Home from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. Finally, Barclays reaffirmed an “overweight” rating and issued a $33.00 target price on shares of Invitation Home in a report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.70.

About Invitation Home

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.