Dockside LLC acquired a new stake in shares of Invitation Home (NYSE:INVH – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 178,594 shares of the company’s stock, valued at approximately $5,395,000. Invitation Home makes up 1.3% of Dockside LLC’s investment portfolio, making the stock its 13th largest position.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of Invitation Home by 136,000.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock worth $40,000 after buying an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc acquired a new stake in shares of Invitation Home during the 4th quarter valued at $42,000. AdvisorNet Financial Inc boosted its holdings in shares of Invitation Home by 7,687.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after acquiring an additional 1,845 shares in the last quarter. Essential Partners LLC grew its position in Invitation Home by 353.7% during the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock worth $47,000 after acquiring an additional 1,468 shares during the last quarter. Finally, Aventus Investment Advisors Inc. bought a new stake in Invitation Home during the 1st quarter worth $50,000. 96.79% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
INVH has been the subject of several recent research reports. BMO Capital Markets upped their price objective on Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Jefferies Financial Group raised shares of Invitation Home to a “hold” rating in a report on Wednesday, July 22nd. Compass Point upgraded shares of Invitation Home to a “hold” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods raised their price target on shares of Invitation Home from $29.00 to $31.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Invitation Home from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.68.
Invitation Home Trading Down 0.1%
INVH opened at $30.28 on Friday. Invitation Home has a 1-year low of $24.25 and a 1-year high of $31.38. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. The company has a market cap of $17.88 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 3.55 and a beta of 0.83. The company has a fifty day moving average price of $29.81 and a two-hundred day moving average price of $27.89.
Invitation Home Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is currently 110.09%.
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.
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