Sanctuary Advisors LLC cut its stake in shares of Invitation Home (NYSE:INVH – Free Report) by 43.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 32,447 shares of the company’s stock after selling 25,316 shares during the period. Sanctuary Advisors LLC’s holdings in Invitation Home were worth $806,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in INVH. Cromwell Holdings LLC increased its stake in shares of Invitation Home by 2,463.5% during the fourth quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after purchasing an additional 1,281 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after buying an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc purchased a new position in Invitation Home in the 4th quarter valued at about $42,000. AdvisorNet Financial Inc boosted its holdings in Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock worth $46,000 after buying an additional 1,845 shares during the last quarter. Finally, Aventus Investment Advisors Inc. acquired a new stake in Invitation Home in the 1st quarter worth about $50,000. 96.79% of the stock is owned by hedge funds and other institutional investors.
Invitation Home Stock Performance
Invitation Home stock opened at $29.77 on Monday. The firm has a 50 day simple moving average of $29.55 and a 200-day simple moving average of $27.58. Invitation Home has a 1-year low of $24.25 and a 1-year high of $32.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.02 and a quick ratio of 0.02. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 3.49 and a beta of 0.84.
Invitation Home Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Invitation Home’s dividend payout ratio is currently 126.32%.
Analysts Set New Price Targets
Several research firms have commented on INVH. Scotiabank boosted their price objective on Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Royal Bank Of Canada raised their target price on Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods lifted their price target on Invitation Home from $28.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.47.
Read Our Latest Stock Analysis on INVH
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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