Resolution Capital Ltd Lowers Position in Invitation Home $INVH

Resolution Capital Ltd trimmed its position in shares of Invitation Home (NYSE:INVH) by 27.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,306,008 shares of the company’s stock after selling 857,497 shares during the quarter. Invitation Home makes up approximately 1.2% of Resolution Capital Ltd’s holdings, making the stock its 18th largest position. Resolution Capital Ltd’s holdings in Invitation Home were worth $57,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INVH. Sequoia Financial Advisors LLC raised its position in shares of Invitation Home by 2.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,257 shares of the company’s stock worth $563,000 after acquiring an additional 484 shares in the last quarter. LPL Financial LLC grew its stake in Invitation Home by 0.7% in the fourth quarter. LPL Financial LLC now owns 73,676 shares of the company’s stock worth $2,047,000 after purchasing an additional 503 shares during the period. Commonwealth Equity Services LLC grew its stake in Invitation Home by 5.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,575 shares of the company’s stock worth $294,000 after purchasing an additional 516 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invitation Home by 21.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,171 shares of the company’s stock worth $93,000 after purchasing an additional 564 shares in the last quarter. Finally, SCS Capital Management LLC raised its holdings in Invitation Home by 3.4% in the fourth quarter. SCS Capital Management LLC now owns 17,908 shares of the company’s stock worth $498,000 after purchasing an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of a number of research reports. Wall Street Zen upgraded shares of Invitation Home from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Raymond James Financial upgraded shares of 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. Keefe, Bruyette & Woods lifted their price target on shares of Invitation Home from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Wells Fargo & Company raised shares of Invitation Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $31.00 to $33.00 in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada boosted their price objective on shares of Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Invitation Home presently has a consensus rating of “Hold” and an average price target of $32.47.

Invitation Home Stock Performance

INVH stock opened at $30.08 on Wednesday. The stock’s 50 day simple moving average is $29.59 and its 200 day simple moving average is $27.61. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.50. Invitation Home has a 12-month low of $24.25 and a 12-month high of $32.04. The stock has a market capitalization of $17.87 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The business had revenue of $579.00 million during the quarter, compared to analyst estimates of $689.91 million. During the same quarter last year, the company earned $0.48 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, research analysts forecast that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio is presently 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.