Handelsbanken Fonder AB Reduces Stock Position in Invitation Home $INVH

Handelsbanken Fonder AB trimmed its stake in shares of Invitation Home (NYSE:INVH) by 61.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,900 shares of the company’s stock after selling 304,585 shares during the period. Handelsbanken Fonder AB’s holdings in Invitation Home were worth $5,676,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of INVH. Sequoia Financial Advisors LLC increased its position in shares of Invitation Home by 2.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,257 shares of the company’s stock valued at $563,000 after buying an additional 484 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Invitation Home by 0.7% in the fourth quarter. LPL Financial LLC now owns 73,676 shares of the company’s stock valued at $2,047,000 after purchasing an additional 503 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Invitation Home by 5.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,575 shares of the company’s stock valued at $294,000 after purchasing an additional 516 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invitation Home by 21.6% during the 3rd 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 position in shares of Invitation Home by 3.4% during the 4th quarter. SCS Capital Management LLC now owns 17,908 shares of the company’s stock worth $498,000 after purchasing an additional 582 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Trading Down 0.1%

Shares of Invitation Home stock opened at $30.28 on Friday. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $31.38. The business’s fifty day moving average is $29.81 and its two-hundred day moving average is $27.89. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. The firm has a market cap of $17.88 billion, a PE ratio of 27.78, a P/E/G ratio of 3.55 and a beta of 0.83.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is presently 110.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INVH shares. Wall Street Zen raised Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Oppenheimer boosted their price target on Invitation Home from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Raymond James Financial upgraded Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, May 18th. Royal Bank Of Canada lifted their price objective on Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Finally, Cfra lowered shares of Invitation Home from a “hold” rating to a “sell” rating and reduced their target price for the company from $29.00 to $27.00 in a report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Invitation Home has a consensus rating of “Hold” and a consensus price target of $32.68.

Invitation Home 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.