Invitation Home Inc. (INVH) Stake Boosted by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lifted its holdings in Invitation Home Inc. (NYSE:INVH) by 43.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,849 shares of the company’s stock after purchasing an additional 10,576 shares during the period. Parametric Portfolio Associates LLC’s holdings in Invitation Home were worth $754,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. bought a new position in shares of Invitation Home in the second quarter worth about $30,253,000. Goldman Sachs Group Inc. bought a new position in shares of Invitation Home in the first quarter worth about $4,483,000. APG Asset Management US Inc. increased its stake in shares of Invitation Home by 41.4% in the second quarter. APG Asset Management US Inc. now owns 9,188,089 shares of the company’s stock worth $198,738,000 after purchasing an additional 2,688,089 shares during the period. AXA increased its stake in shares of Invitation Home by 475.1% in the second quarter. AXA now owns 226,600 shares of the company’s stock worth $4,901,000 after purchasing an additional 187,200 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Invitation Home by 11.0% in the second quarter. UBS Asset Management Americas Inc. now owns 267,704 shares of the company’s stock worth $5,790,000 after purchasing an additional 26,518 shares during the period.
INVH has been the topic of a number of recent analyst reports. BTIG Research initiated coverage on Invitation Home in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 price objective on the stock. Zacks Investment Research lowered Invitation Home from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. B. Riley set a $26.00 price objective on Invitation Home and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Keefe, Bruyette & Woods upgraded Invitation Home from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research note on Monday, August 14th. Finally, FBR & Co reiterated a “buy” rating on shares of Invitation Home in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.60.
Shares of Invitation Home Inc. (INVH) opened at $22.82 on Tuesday. Invitation Home Inc. has a 1 year low of $19.80 and a 1 year high of $23.93. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.84.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Monday, October 23rd.
Invitation Home Profile
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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