Plato Investment Management Ltd acquired a new position in Invitation Home (NYSE:INVH – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 73,502 shares of the company’s stock, valued at approximately $2,208,000.
Other hedge funds also recently bought and sold shares of the company. M&T Bank Corp purchased a new stake in shares of Invitation Home during the 4th quarter valued at about $1,756,000. Legal & General Group Plc grew its position in Invitation Home by 6.6% during the fourth quarter. Legal & General Group Plc now owns 5,735,955 shares of the company’s stock valued at $159,402,000 after buying an additional 355,825 shares during the period. Bank of America Corp DE increased its holdings in Invitation Home by 4.6% during the first quarter. Bank of America Corp DE now owns 2,956,870 shares of the company’s stock valued at $73,478,000 after buying an additional 129,202 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Invitation Home by 79.6% during the fourth quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock valued at $125,737,000 after buying an additional 2,004,728 shares during the last quarter. Finally, Algebris UK Ltd. bought a new position in Invitation Home in the fourth quarter worth approximately $15,370,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Invitation Home Trading Down 1.8%
Shares of Invitation Home stock opened at $29.75 on Tuesday. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $31.38. 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 company has a market capitalization of $17.57 billion, a P/E ratio of 27.29, a P/E/G ratio of 4.33 and a beta of 0.83. The company has a fifty day moving average of $29.82 and a 200 day moving average of $27.92.
Invitation Home Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is currently 110.09%.
Analysts Set New Price Targets
INVH has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada upped their price objective on Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Barclays raised their target price on Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. 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, Cfra lowered Invitation Home from a “hold” rating to a “sell” rating and cut their price target for the company from $29.00 to $27.00 in a report on Wednesday, May 27th. Ten investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.68.
Get Our Latest Stock Analysis on Invitation Home
Invitation Home 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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