UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Invitation Home (NYSE:INVH – Free Report) by 74,699.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,971,242 shares of the company’s stock after purchasing an additional 5,963,259 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.01% of Invitation Home worth $180,391,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of INVH. M&T Bank Corp bought a new position in shares of Invitation Home in the fourth quarter worth about $1,756,000. Legal & General Group Plc increased its position in Invitation Home by 6.6% during the 4th quarter. Legal & General Group Plc now owns 5,735,955 shares of the company’s stock worth $159,402,000 after purchasing an additional 355,825 shares in the last quarter. Bank of America Corp DE lifted its stake in Invitation Home by 4.6% in the 1st quarter. Bank of America Corp DE now owns 2,956,870 shares of the company’s stock valued at $73,478,000 after purchasing an additional 129,202 shares during the last quarter. Algebris UK Ltd. acquired a new stake in Invitation Home in the fourth quarter valued at approximately $15,370,000. Finally, BNP Paribas Financial Markets boosted its position in Invitation Home by 79.6% in 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 in the last quarter. 96.79% of the stock is currently owned by institutional investors.
Invitation Home Price Performance
Shares of NYSE:INVH opened at $29.12 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52 week low of $24.25 and a 52 week high of $31.16. The firm has a market cap of $17.20 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 4.16 and a beta of 0.83. The firm’s fifty day moving average is $29.98 and its 200-day moving average is $28.18.
Invitation Home Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio is presently 110.09%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Home in a research note on Thursday, August 27th. Raymond James Financial upgraded Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, May 18th. Jefferies Financial Group raised Invitation Home to a “hold” rating in a report on Wednesday, July 22nd. Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $31.00 to $33.00 in a research report on Wednesday, June 24th. Finally, UBS Group lifted their price target on Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.53.
Check Out Our Latest Stock Analysis on INVH
Invitation Home Company 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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