Paralel Advisors LLC purchased a new stake in Invitation Home (NYSE:INVH – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 65,628 shares of the company’s stock, valued at approximately $1,983,000.
A number of other hedge funds also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its holdings in 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 acquiring an additional 484 shares during the last quarter. LPL Financial LLC increased its position in Invitation Home by 0.7% during the 4th 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 during the period. Commonwealth Equity Services LLC raised its holdings in Invitation Home by 5.1% during the 4th 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 last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in 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 during the last quarter. Finally, SCS Capital Management LLC lifted its position in shares of Invitation Home by 3.4% in 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 period. 96.79% of the stock is currently owned by institutional investors.
Invitation Home Trading Up 0.4%
INVH opened at $30.31 on Friday. The company has a fifty day moving average price of $29.84 and a two-hundred day moving average price of $28.00. Invitation Home has a 1-year low of $24.25 and a 1-year high of $31.38. The company has a market cap of $17.90 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 4.31 and a beta of 0.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44.
Invitation Home Announces Dividend
The company also recently disclosed 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 110.09%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on INVH. Mizuho upped their price objective on shares of Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Scotiabank lifted their target price on shares of Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Barclays boosted 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. Raymond James Financial raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, May 18th. Finally, Evercore reiterated an “outperform” rating and set a $32.00 price target on shares of Invitation Home in a report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Invitation Home has an average rating of “Hold” and an average price target of $32.68.
View Our Latest Research Report on Invitation Home
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.
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