BTC Capital Management Inc. Boosts Stock Holdings in Invitation Home $INVH

BTC Capital Management Inc. lifted its position in Invitation Home (NYSE:INVH) by 95.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,310 shares of the company’s stock after purchasing an additional 64,668 shares during the period. BTC Capital Management Inc.’s holdings in Invitation Home were worth $3,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in INVH. AQR Capital Management LLC raised its position in shares of Invitation Home by 67.4% in the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock worth $2,589,000 after acquiring an additional 29,962 shares during the period. Empowered Funds LLC grew its position in shares of Invitation Home by 10.7% during the 1st quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after acquiring an additional 1,290 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Invitation Home in the 2nd quarter valued at about $287,000. IFP Advisors Inc raised its holdings in Invitation Home by 3,219.5% in the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock worth $45,000 after purchasing an additional 1,320 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Invitation Home by 15.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 48,201 shares of the company’s stock worth $1,581,000 after purchasing an additional 6,556 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley dropped their price objective on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Citigroup reiterated a “market outperform” rating on shares of Invitation Home in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Invitation Home in a research note on Monday, December 29th. Oppenheimer set a $38.00 price target on shares of Invitation Home and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Finally, Mizuho restated a “neutral” rating and set a $27.00 price objective (down from $30.00) on shares of Invitation Home in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Invitation Home presently has an average rating of “Moderate Buy” and a consensus price target of $34.70.

Invitation Home Stock Performance

NYSE INVH opened at $26.97 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. The stock’s 50 day simple moving average is $26.97 and its 200-day simple moving average is $28.43. The company has a market cap of $16.53 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.92 and a beta of 0.83. Invitation Home has a 1-year low of $25.29 and a 1-year high of $35.80.

Invitation Home Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, December 23rd. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s payout ratio is 126.32%.

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.