Invitation Home $INVH Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its position in shares of Invitation Home (NYSE:INVH) by 35.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,523 shares of the company’s stock after selling 24,811 shares during the quarter. Shell Asset Management Co.’s holdings in Invitation Home were worth $1,306,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. increased its position in shares of Invitation Home by 1,695.2% during the third 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 last quarter. Smartleaf Asset Management LLC raised its position in shares of Invitation Home by 59.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after purchasing an additional 466 shares in the last quarter. IFP Advisors Inc boosted its stake 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 valued at $45,000 after buying an additional 1,320 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Invitation Home in the third quarter worth $42,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Invitation Home during the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of several research analyst reports. Barclays reissued an “overweight” rating and issued a $33.00 price objective on shares of Invitation Home in a report on Tuesday, January 13th. Bank of America reduced their price objective on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Scotiabank lowered their target price on shares of Invitation Home from $31.00 to $28.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. Mizuho reaffirmed a “neutral” rating and set a $27.00 price objective (down previously from $30.00) on shares of Invitation Home in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Invitation Home in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Invitation Home presently has an average rating of “Moderate Buy” and an average price target of $34.70.

Invitation Home Price Performance

NYSE INVH opened at $26.97 on Monday. The company has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $28.39. Invitation Home has a 52 week low of $25.29 and a 52 week high of $35.80. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 2.94 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.

Invitation Home Increases Dividend

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

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.