Oppenheimer Asset Management Inc. Acquires Shares of 35,068 Invitation Home $INVH

Oppenheimer Asset Management Inc. bought a new stake in shares of Invitation Home (NYSE:INVHFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 35,068 shares of the company’s stock, valued at approximately $1,059,000.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of Invitation Home by 2.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,257 shares of the company’s stock worth $563,000 after purchasing an additional 484 shares during the period. LPL Financial LLC increased its holdings in Invitation Home by 0.7% in the 4th quarter. LPL Financial LLC now owns 73,676 shares of the company’s stock valued at $2,047,000 after buying an additional 503 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Invitation Home by 5.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,575 shares of the company’s stock valued at $294,000 after buying an additional 516 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invitation Home by 21.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,171 shares of the company’s stock valued at $93,000 after buying an additional 564 shares in the last quarter. Finally, SCS Capital Management LLC lifted its holdings in shares of Invitation Home by 3.4% during the 4th quarter. SCS Capital Management LLC now owns 17,908 shares of the company’s stock worth $498,000 after acquiring an additional 582 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Down 0.0%

Shares of INVH opened at $30.28 on Monday. Invitation Home has a 52 week low of $24.25 and a 52 week high of $31.38. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 4.33 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a fifty day moving average of $29.81 and a 200-day moving average of $27.90.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio is presently 110.09%.

Analyst Upgrades and Downgrades

Several research analysts have commented on INVH shares. Citigroup restated a “buy” rating on shares of Invitation Home in a research report on Thursday, August 6th. Cfra cut Invitation Home from a “hold” rating to a “sell” rating and lowered their price target for the stock from $29.00 to $27.00 in a report on Wednesday, May 27th. Evercore restated an “outperform” rating and set a $32.00 price objective on shares of Invitation Home in a research report on Friday, May 1st. Oppenheimer lifted their target price on Invitation Home from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group raised shares of Invitation Home to a “hold” rating in a report on Wednesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $32.68.

Get Our Latest Analysis on INVH

Invitation Home Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Invitation Home (NYSE:INVH)

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