Centersquare Investment Management LLC increased its position in Invitation Home (NYSE:INVH – Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,552,879 shares of the company’s stock after buying an additional 177,494 shares during the quarter. Invitation Home comprises about 1.8% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 18th biggest position. Centersquare Investment Management LLC’s holdings in Invitation Home were worth $182,105,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Invitation Home in the 4th quarter worth $1,438,952,000. State Street Corp increased its holdings in Invitation Home by 1.3% in the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after purchasing an additional 462,379 shares in the last quarter. Geode Capital Management LLC increased its holdings in Invitation Home by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after purchasing an additional 203,474 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Invitation Home by 8.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock valued at $424,922,000 after purchasing an additional 1,168,113 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Invitation Home by 7.5% in the 3rd quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock valued at $370,227,000 after purchasing an additional 877,491 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.
Invitation Home Stock Down 0.8%
Shares of Invitation Home stock opened at $29.48 on Friday. The business has a 50-day moving average of $27.97 and a 200-day moving average of $27.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market capitalization of $17.51 billion, a PE ratio of 31.03, a P/E/G ratio of 3.49 and a beta of 0.85. Invitation Home has a 1-year low of $24.25 and a 1-year high of $34.25.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Evercore reiterated an “outperform” rating and issued a $32.00 price target on shares of Invitation Home in a report on Friday, May 1st. Mizuho lowered their price target on Invitation Home from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Citigroup lowered their price target on Invitation Home from $36.50 to $31.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. 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 report on Monday, May 18th. Finally, Royal Bank Of Canada increased their price target on Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.50.
Read Our Latest Analysis on INVH
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.
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