Knights of Columbus Asset Advisors LLC Reduces Stock Position in Invitation Home $INVH

Knights of Columbus Asset Advisors LLC trimmed its position in Invitation Home (NYSE:INVH) by 39.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,834 shares of the company’s stock after selling 43,524 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Invitation Home were worth $1,931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Michigan Retirement System raised its position in Invitation Home by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 155,000 shares of the company’s stock worth $5,084,000 after buying an additional 400 shares during the last quarter. Carnegie Lake Advisors LLC raised its holdings in shares of Invitation Home by 1.2% during the third quarter. Carnegie Lake Advisors LLC now owns 33,776 shares of the company’s stock worth $991,000 after purchasing an additional 400 shares during the last quarter. Virtus Investment Advisers LLC lifted its position in Invitation Home by 9.0% during the second quarter. Virtus Investment Advisers LLC now owns 5,086 shares of the company’s stock valued at $167,000 after purchasing an additional 422 shares during the period. Rothschild Investment LLC boosted its holdings in Invitation Home by 11.8% in the second quarter. Rothschild Investment LLC now owns 4,127 shares of the company’s stock valued at $135,000 after purchasing an additional 436 shares during the last quarter. Finally, Spirit of America Management Corp NY grew its position in Invitation Home by 8.3% during the 3rd quarter. Spirit of America Management Corp NY now owns 6,500 shares of the company’s stock worth $191,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank decreased their price objective on Invitation Home from $31.00 to $28.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. Mizuho reaffirmed a “neutral” rating and set a $27.00 price objective (down previously from $30.00) on shares of Invitation Home in a research note on Thursday, January 8th. Royal Bank Of Canada cut their target price on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, Wells Fargo & Company lowered their price target on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.70.

Invitation Home Stock Performance

INVH opened at $26.71 on Friday. The firm’s fifty day simple moving average is $27.20 and its two-hundred day simple moving average is $28.81. Invitation Home has a 52-week low of $25.29 and a 52-week high of $35.80. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 2.87 and a beta of 0.83. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. Equities analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, December 23rd were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, December 23rd. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Invitation Home’s dividend payout ratio (DPR) is presently 126.32%.

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.