Private Management Group Inc. bought a new stake in shares of Invitation Home (NYSE:INVH – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 103,872 shares of the company’s stock, valued at approximately $3,138,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Invitation Home by 74,699.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,971,242 shares of the company’s stock worth $180,391,000 after purchasing an additional 5,963,259 shares in the last quarter. New Mexico Educational Retirement Board grew its position in shares of Invitation Home by 8.1% during the second quarter. New Mexico Educational Retirement Board now owns 28,000 shares of the company’s stock valued at $846,000 after purchasing an additional 2,100 shares in the last quarter. Mufg Securities Americas Inc. grew its position in shares of Invitation Home by 5.5% during the second quarter. Mufg Securities Americas Inc. now owns 16,460 shares of the company’s stock valued at $497,000 after purchasing an additional 854 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Invitation Home by 2.0% in the second quarter. Hsbc Holdings PLC now owns 2,722,345 shares of the company’s stock worth $82,337,000 after purchasing an additional 54,581 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Invitation Home in the second quarter worth about $67,028,000. 96.79% of the stock is currently owned by institutional investors.
Invitation Home Trading Up 0.2%
Shares of NYSE INVH opened at $29.30 on Friday. Invitation Home has a 1-year low of $24.25 and a 1-year high of $31.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The business’s 50 day moving average is $29.96 and its two-hundred day moving average is $28.14. The stock has a market capitalization of $17.31 billion, a P/E ratio of 26.88, a PEG ratio of 4.17 and a beta of 0.83.
Invitation Home Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is currently 110.09%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Scotiabank increased their price target on Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Barclays lifted their price objective on Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Compass Point raised Invitation Home to a “hold” rating in a report on Thursday, July 9th. BMO Capital Markets increased their target price on Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Invitation Home from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.53.
View Our Latest Analysis on Invitation Home
About Invitation Home
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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