Squarepoint Ops LLC boosted its stake in shares of Invitation Home (NYSE:INVH – Free Report) by 106.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,108,257 shares of the company’s stock after buying an additional 570,795 shares during the period. Squarepoint Ops LLC’s holdings in Invitation Home were worth $33,480,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of INVH. Clearstead Trust LLC acquired a new position in Invitation Home in the 2nd quarter valued at about $28,000. Parkside Financial Bank & Trust raised its position in Invitation Home by 110.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,018 shares of the company’s stock valued at $31,000 after purchasing an additional 535 shares during the period. Raiffeisen Bank International AG grew its holdings in shares of Invitation Home by 174.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company’s stock worth $40,000 after purchasing an additional 827 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Invitation Home by 136,000.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock worth $40,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Invitation Home in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Invitation Home Stock Performance
NYSE INVH opened at $28.23 on Wednesday. The company has a fifty day moving average of $29.81 and a two-hundred day moving average of $28.23. The company has a market capitalization of $16.67 billion, a PE ratio of 25.90, a P/E/G ratio of 4.05 and a beta of 0.83. Invitation Home has a 1 year low of $24.25 and a 1 year high of $30.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02.
Invitation Home Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Thursday, June 25th. Invitation Home’s payout ratio is 110.09%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. BMO Capital Markets boosted their price target on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. Scotiabank lifted their price objective on shares of Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. UBS Group raised their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $33.00 in a research note on Wednesday, June 24th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.53.
Check Out 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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