PensionDanmark Pensionsforsikringsaktieselskab Lowers Stock Holdings in Invitation Home $INVH

PensionDanmark Pensionsforsikringsaktieselskab cut its holdings in Invitation Home (NYSE:INVH) by 56.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,850 shares of the company’s stock after selling 21,725 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Invitation Home were worth $509,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in Invitation Home by 136,000.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock worth $40,000 after purchasing an additional 1,360 shares during the last quarter. Prosperity Bancshares Inc bought a new position in shares of Invitation Home in the 4th quarter valued at about $42,000. AdvisorNet Financial Inc lifted its holdings in shares of Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after acquiring an additional 1,845 shares during the last quarter. Essential Partners LLC grew its position in Invitation Home by 353.7% in the first quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock worth $47,000 after acquiring an additional 1,468 shares in the last quarter. Finally, Aventus Investment Advisors Inc. purchased a new position in Invitation Home in the first quarter worth about $50,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Price Performance

NYSE INVH opened at $29.85 on Tuesday. The firm’s fifty day simple moving average is $29.75 and its two-hundred day simple moving average is $27.82. The firm has a market capitalization of $17.63 billion, a P/E ratio of 27.39, a P/E/G ratio of 3.56 and a beta of 0.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. Invitation Home has a 12-month low of $24.25 and a 12-month high of $31.38.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, June 25th. Invitation Home’s payout ratio is 110.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup restated a “buy” rating on shares of Invitation Home in a research report on Thursday. Cfra lowered shares of Invitation Home from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. Oppenheimer upped their target price on Invitation Home from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Wells Fargo & Company raised Invitation Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $31.00 to $33.00 in a research report on Wednesday, June 24th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.68.

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.