Vanguard Group Inc. reduced its position in Invitation Home (NYSE:INVH – Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,186,461 shares of the company’s stock after selling 353,366 shares during the period. Vanguard Group Inc. owned about 0.15% of Invitation Home worth $2,617,442,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. Carnegie Lake Advisors LLC raised its holdings in Invitation Home by 1.2% in the 3rd quarter. Carnegie Lake Advisors LLC now owns 33,776 shares of the company’s stock worth $991,000 after acquiring an additional 400 shares during the last quarter. Assetmark Inc. raised its holdings in Invitation Home by 12.3% in the 3rd quarter. Assetmark Inc. now owns 4,060 shares of the company’s stock worth $119,000 after acquiring an additional 446 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Invitation Home by 24.9% in the 3rd quarter. Clearstead Advisors LLC now owns 2,255 shares of the company’s stock worth $66,000 after acquiring an additional 450 shares during the last quarter. AlphaQuest LLC raised its holdings in Invitation Home by 0.4% in the 3rd quarter. AlphaQuest LLC now owns 112,989 shares of the company’s stock worth $3,314,000 after acquiring an additional 454 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Invitation Home by 59.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $36,000 after purchasing an additional 466 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Invitation Home Trading Up 3.4%
Shares of INVH stock opened at $28.15 on Wednesday. Invitation Home has a 1 year low of $24.25 and a 1 year high of $35.80. The firm has a fifty day moving average price of $25.85 and a 200-day moving average price of $26.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 3.91 and a beta of 0.82.
Invitation Home Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, March 26th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. Invitation Home’s payout ratio is presently 125.00%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on INVH. Barclays lifted their target price on shares of Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group set a $40.00 target price on shares of Invitation Home in a research report on Wednesday, January 21st. Evercore set a $31.00 target price on shares of Invitation Home in a research report on Friday, February 20th. Citizens Jmp cut their target price on shares of Invitation Home from $40.00 to $35.00 and set a “market outperform” rating for the company in a research report on Friday, February 20th. Finally, Wells Fargo & Company cut their target price on shares of Invitation Home from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Invitation Home presently has a consensus rating of “Hold” and an average target price of $32.78.
View Our Latest Stock Analysis 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.
See Also
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