UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Invitation Home (NYSE:INVH – Free Report) by 74,699.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,971,242 shares of the company’s stock after purchasing an additional 5,963,259 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Invitation Home were worth $180,391,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Invitation Home during the second quarter worth $1,866,973,000. Norges Bank acquired a new stake in Invitation Home during the 4th quarter worth about $1,438,952,000. Deutsche Bank AG acquired a new stake in Invitation Home during the 2nd quarter worth about $193,539,000. Legal & General Group Plc bought a new position in shares of Invitation Home in the 2nd quarter worth about $140,427,000. Finally, Rush Island Management LP bought a new position in shares of Invitation Home in the 1st quarter worth about $105,292,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Invitation Home Price Performance
INVH stock opened at $29.12 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The company’s 50-day moving average is $29.98 and its 200-day moving average is $28.18. The stock has a market capitalization of $17.20 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 4.16 and a beta of 0.83. Invitation Home has a 1 year low of $24.25 and a 1 year high of $31.16.
Invitation Home Dividend Announcement
The company also recently disclosed 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. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. Invitation Home’s payout ratio is currently 110.09%.
Wall Street Analyst Weigh In
Several brokerages recently commented on INVH. Compass Point upgraded Invitation Home to a “hold” rating in a research report on Thursday, July 9th. Barclays lifted their target price on Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Wells Fargo & Company raised Invitation Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $31.00 to $33.00 in a research note on Wednesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Invitation Home from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.53.
Check Out Our Latest Report 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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