Invitation Home $INVH Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its holdings in shares of Invitation Home (NYSE:INVH) by 39.8% during the third quarter, HoldingsChannel.com reports. The fund owned 65,834 shares of the company’s stock after selling 43,524 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Invitation Home were worth $1,931,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arbor Capital Management Inc. ADV raised its holdings in Invitation Home by 30.1% in the 3rd quarter. Arbor Capital Management Inc. ADV now owns 34,784 shares of the company’s stock valued at $1,011,000 after acquiring an additional 8,048 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Invitation Home by 11.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 97,276 shares of the company’s stock valued at $2,853,000 after purchasing an additional 9,859 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Invitation Home by 164.8% in the third quarter. Truist Financial Corp now owns 18,888 shares of the company’s stock valued at $554,000 after purchasing an additional 11,756 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Invitation Home by 3.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 221,017 shares of the company’s stock worth $6,330,000 after buying an additional 6,604 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in Invitation Home by 3.3% during the third quarter. Whittier Trust Co. now owns 516,299 shares of the company’s stock worth $14,787,000 after buying an additional 16,615 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of Invitation Home in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 18th. Morgan Stanley decreased their target price on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Bank of America cut their price target on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.70.

Invitation Home Price Performance

Shares of INVH opened at $26.71 on Friday. The firm has a 50-day simple moving average of $27.20 and a two-hundred day simple moving average of $28.81. The stock has a market cap of $16.37 billion, a PE ratio of 28.12, a P/E/G ratio of 2.87 and a beta of 0.83. Invitation Home has a 1-year low of $25.29 and a 1-year high of $35.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The firm had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. During the same quarter last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, December 23rd were issued a $0.30 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s dividend payout ratio (DPR) is presently 126.32%.

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.