Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Invitation Home (NYSE:INVH – Free Report) during the fourth quarter, Holdings Channel reports. The fund acquired 106,035 shares of the company’s stock, valued at approximately $2,947,000.
Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after acquiring an additional 1,068 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Invitation Home by 59.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after acquiring an additional 466 shares during the last quarter. Cromwell Holdings LLC boosted its stake in Invitation Home by 2,463.5% during the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock valued at $37,000 after acquiring an additional 1,281 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in 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 valued at $40,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Avalon Trust Co bought a new position in shares of Invitation Home in the 3rd quarter worth about $53,000. 96.79% of the stock is currently owned by institutional investors.
Invitation Home Trading Down 2.2%
Invitation Home stock opened at $29.37 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 1 year low of $24.25 and a 1 year high of $34.25. The firm’s 50-day moving average is $27.67 and its 200-day moving average is $27.03. The company has a market cap of $17.44 billion, a P/E ratio of 30.91, a PEG ratio of 3.53 and a beta of 0.85.
Invitation Home Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, March 26th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 26th. Invitation Home’s dividend payout ratio (DPR) is 126.32%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on INVH. Barclays raised their price target on shares of Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised their price target on shares of Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods raised their price target on shares of Invitation Home from $28.00 to $29.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Finally, Citigroup reduced their price target on shares of Invitation Home from $36.50 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Invitation Home currently has a consensus rating of “Hold” and a consensus price target of $31.50.
Get Our Latest 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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