WINTON GROUP Ltd purchased a new stake in Invitation Home (NYSE:INVH – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,223 shares of the company’s stock, valued at approximately $1,340,000.
Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Invitation Home during the fourth quarter worth $1,438,952,000. UBS Group AG boosted its stake in shares of Invitation Home by 101.4% in the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after purchasing an additional 2,505,909 shares in the last quarter. Amundi grew its holdings in shares of Invitation Home by 169.0% in the 3rd quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after purchasing an additional 2,071,407 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Invitation Home by 79.6% in the 4th quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock worth $125,737,000 after purchasing an additional 2,004,728 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Invitation Home by 53.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock worth $149,441,000 after purchasing an additional 1,884,188 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.
Invitation Home Stock Down 2.2%
Shares of NYSE INVH opened at $29.37 on Tuesday. The firm’s 50-day simple moving average is $27.67 and its 200 day simple moving average is $27.03. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 3.53 and a beta of 0.85. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. Invitation Home has a 12-month low of $24.25 and a 12-month high of $34.25.
Invitation Home Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, March 26th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is currently 126.32%.
Analyst Ratings Changes
INVH has been the subject of several analyst reports. Weiss Ratings raised shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Compass Point assumed coverage on shares of Invitation Home in a research note on Tuesday, April 28th. They set a “neutral” rating and a $30.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Invitation Home from $28.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Evercore reiterated an “outperform” rating and issued a $32.00 target price on shares of Invitation Home in a research note on Friday, May 1st. Finally, Oppenheimer reduced their target price on Invitation Home from $38.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.
Get Our Latest Report 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.
Recommended Stories
- Five stocks we like better than Invitation Home
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Home (NYSE:INVH – Free Report).
Receive News & Ratings for Invitation Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Home and related companies with MarketBeat.com's FREE daily email newsletter.
