Whittier Trust Co. of Nevada Inc. trimmed its position in shares of Invitation Home (NYSE:INVH – Free Report) by 92.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,891 shares of the company’s stock after selling 204,126 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Invitation Home were worth $475,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after purchasing an additional 1,068 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Invitation Home by 59.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after purchasing an additional 466 shares in the last quarter. Cromwell Holdings LLC grew its holdings in Invitation Home by 2,463.5% during the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after acquiring an additional 1,281 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in 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 acquiring an additional 1,360 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Invitation Home during the 3rd quarter worth $42,000. 96.79% of the stock is owned by institutional investors and hedge funds.
Invitation Home Trading Up 2.8%
Invitation Home stock opened at $27.02 on Friday. The firm’s 50-day moving average is $25.81 and its 200-day moving average is $26.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.03 and a current ratio of 0.03. Invitation Home has a 1 year low of $24.25 and a 1 year high of $35.80. The company has a market cap of $16.19 billion, a P/E ratio of 28.14, a PEG ratio of 3.77 and a beta of 0.82.
Invitation Home Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, March 26th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Thursday, March 26th. Invitation Home’s dividend payout ratio (DPR) is presently 125.00%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on INVH. Mizuho decreased their price objective on shares of Invitation Home from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Citigroup decreased their price objective on shares of Invitation Home from $36.50 to $31.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Royal Bank Of Canada decreased their price objective on shares of Invitation Home from $30.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. Barclays decreased their price objective on shares of Invitation Home from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, March 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Invitation Home from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.88.
Get Our Latest Analysis on INVH
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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