Jefferies Financial Group Inc. bought a new position in Invitation Home (NYSE:INVH – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 52,802 shares of the company’s stock, valued at approximately $1,549,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc increased its position in Invitation Home by 446.4% in the 3rd quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock valued at $13,277,000 after acquiring an additional 369,831 shares during the period. PGGM Investments raised its stake in Invitation Home by 13.0% during the 3rd quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock valued at $166,381,000 after acquiring an additional 653,539 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Invitation Home by 5.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,339,473 shares of the company’s stock worth $68,617,000 after acquiring an additional 128,561 shares during the period. NEOS Investment Management LLC boosted its position in Invitation Home by 67.6% during the 3rd quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock worth $3,802,000 after acquiring an additional 52,296 shares during the period. Finally, Strs Ohio grew its stake in shares of Invitation Home by 12.1% in the third quarter. Strs Ohio now owns 983,834 shares of the company’s stock worth $28,856,000 after purchasing an additional 106,271 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.
Invitation Home Trading Down 2.1%
Shares of Invitation Home stock opened at $25.20 on Thursday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.44. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.74 and a beta of 0.83. The business has a fifty day simple moving average of $26.62 and a 200-day simple moving average of $27.87. Invitation Home has a fifty-two week low of $25.10 and a fifty-two week high of $35.80.
Invitation Home Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.30 per share. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 23rd. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. Invitation Home’s payout ratio is 125.00%.
Analyst Ratings Changes
A number of brokerages have recently commented on INVH. UBS Group set a $40.00 price target on Invitation Home in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their target price on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Mizuho reissued a “neutral” rating and set a $27.00 target price (down from $30.00) on shares of Invitation Home in a research note on Thursday, January 8th. Wall Street Zen downgraded shares of Invitation Home from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. 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 analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.94.
Read Our Latest Stock Report on INVH
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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