Capital Square LLC acquired a new stake in shares of Invitation Home (NYSE:INVH – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,875 shares of the company’s stock, valued at approximately $796,000.
Other institutional investors have also made changes to their positions in the company. Clearstead Trust LLC bought a new stake in Invitation Home during the second quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of 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 valued at $40,000 after purchasing an additional 1,360 shares during the period. Prosperity Bancshares Inc bought a new position in shares of Invitation Home in the fourth quarter valued at approximately $42,000. AdvisorNet Financial Inc lifted its stake in shares of Invitation Home by 7,687.5% in the first quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock worth $46,000 after buying an additional 1,845 shares during the last quarter. Finally, Essential Partners LLC lifted its stake in shares of 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 buying an additional 1,468 shares during the last quarter. 96.79% of the stock is owned by institutional investors.
Invitation Home Stock Performance
Shares of Invitation Home stock opened at $30.11 on Monday. The company’s fifty day simple moving average is $29.85 and its 200-day simple moving average is $28.03. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 4.30 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 1 year low of $24.25 and a 1 year high of $31.38.
Invitation Home Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. Invitation Home’s payout ratio is presently 110.09%.
Wall Street Analysts Forecast Growth
INVH has been the topic of a number of research analyst reports. Mizuho raised their target price on shares of Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Home from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Oppenheimer upped their price target on shares of Invitation Home from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Royal Bank Of Canada upped their price target on shares of Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Finally, UBS Group lifted their price objective on Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.68.
View Our Latest Research 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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