Cwm LLC increased its position in Invitation Home (NYSE:INVH – Free Report) by 1,097.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,917 shares of the company’s stock after purchasing an additional 71,408 shares during the quarter. Cwm LLC’s holdings in Invitation Home were worth $2,556,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its holdings in Invitation Home by 15.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 48,201 shares of the company’s stock valued at $1,581,000 after acquiring an additional 6,556 shares in the last quarter. Inspire Investing LLC raised its holdings in Invitation Home by 8.5% in the second quarter. Inspire Investing LLC now owns 67,683 shares of the company’s stock valued at $2,220,000 after acquiring an additional 5,283 shares in the last quarter. Aberdeen Group plc raised its holdings in Invitation Home by 4.8% in the second quarter. Aberdeen Group plc now owns 1,550,283 shares of the company’s stock valued at $50,849,000 after acquiring an additional 70,924 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Invitation Home by 16.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 15,292 shares of the company’s stock valued at $502,000 after acquiring an additional 2,201 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Invitation Home by 3,219.5% in the second quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after acquiring an additional 1,320 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Invitation Home Stock Performance
Shares of INVH opened at $28.51 on Friday. The firm has a 50-day moving average price of $29.69 and a 200 day moving average price of $31.81. The firm has a market capitalization of $17.48 billion, a PE ratio of 32.40, a P/E/G ratio of 2.85 and a beta of 0.81. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a 52-week low of $27.71 and a 52-week high of $35.80.
Invitation Home Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, September 25th. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is 131.82%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on INVH. Royal Bank Of Canada cut their price target on shares of Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. raised shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a report on Friday. Scotiabank cut their price target on shares of Invitation Home from $38.00 to $36.00 and set a “sector performer” rating on the stock in a report on Thursday, August 28th. Evercore ISI cut their price target on shares of Invitation Home from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Invitation Home from $37.00 to $33.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.34.
Check Out Our Latest Report on Invitation Home
Invitation Home Profile
Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.
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