PensionDanmark Pensionsforsikringsaktieselskab Cuts Stock Holdings in Invitation Home $INVH

PensionDanmark Pensionsforsikringsaktieselskab trimmed its position in Invitation Home (NYSE:INVH) by 56.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,850 shares of the company’s stock after selling 21,725 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Invitation Home were worth $509,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in Invitation Home in the 4th quarter valued at about $1,438,952,000. State Street Corp raised its holdings in shares of Invitation Home by 1.3% during the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after buying an additional 462,379 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $468,997,000 after buying an additional 203,474 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Invitation Home by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after buying an additional 1,168,113 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Invitation Home by 7.5% in the third quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock worth $370,227,000 after buying an additional 877,491 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on INVH shares. Jefferies Financial Group raised shares of Invitation Home to a “hold” rating in a research note on Wednesday, July 22nd. Barclays increased their target price on shares of Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings raised Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Raymond James Financial raised 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 report on Monday, May 18th. Finally, Cfra cut Invitation Home from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 27th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.68.

Invitation Home Trading Down 1.7%

Invitation Home stock opened at $29.85 on Tuesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $29.75 and its two-hundred day simple moving average is $27.82. Invitation Home has a 12 month low of $24.25 and a 12 month high of $31.38. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 3.56 and a beta of 0.83.

Invitation Home Announces Dividend

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

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.