Sivia Capital Partners LLC acquired a new position in shares of Invitation Home (NYSE:INVH – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 29,396 shares of the company’s stock, valued at approximately $817,000.
Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake 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 purchasing an additional 1,068 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 466 shares during the last quarter. Cromwell Holdings LLC lifted its stake 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 purchasing an additional 1,281 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Invitation Home by 136,000.0% in the third 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 during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Invitation Home in the second quarter valued at about $55,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Invitation Home Stock Up 1.8%
Shares of INVH stock opened at $29.50 on Friday. The stock’s 50-day simple moving average is $27.48 and its 200-day simple moving average is $27.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market capitalization of $17.52 billion, a PE ratio of 31.05, a P/E/G ratio of 3.41 and a beta of 0.85. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $34.25.
Invitation Home Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, March 26th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio is currently 126.32%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on INVH shares. Oppenheimer decreased their price target on Invitation Home from $38.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Mizuho decreased their price target on Invitation Home from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Raymond James Financial upgraded Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, May 18th. Morgan Stanley decreased their price target on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, March 9th. Finally, Citizens Jmp decreased their price target on Invitation Home from $40.00 to $35.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.50.
Get Our Latest Stock Analysis on INVH
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.
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