Arrowstreet Capital Limited Partnership Sells 1,128,747 Shares of Invitation Home $INVH

Arrowstreet Capital Limited Partnership decreased its holdings in Invitation Home (NYSE:INVH) by 56.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 883,267 shares of the company’s stock after selling 1,128,747 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Invitation Home were worth $21,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Cromwell Holdings LLC boosted its stake in shares of Invitation Home by 2,463.5% during the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after acquiring an additional 1,281 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Invitation Home by 136,000.0% in the 3rd 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 in the last quarter. Prosperity Bancshares Inc bought a new position in Invitation Home in the 4th quarter worth $42,000. AdvisorNet Financial Inc raised its holdings in Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock worth $46,000 after purchasing an additional 1,845 shares during the period. Finally, Aventus Investment Advisors Inc. bought a new position in Invitation Home in the 1st quarter worth $50,000. 96.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INVH. Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised Invitation Home from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Cfra cut shares of Invitation Home from a “hold” rating to a “sell” rating and decreased their target price for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. Royal Bank Of Canada lifted 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 upped their price target on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.47.

Invitation Home Trading Up 0.1%

Shares of Invitation Home stock opened at $30.09 on Thursday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. Invitation Home has a twelve month low of $24.25 and a twelve month high of $31.96. The business has a 50-day moving average price of $29.61 and a 200-day moving average price of $27.64. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 3.52 and a beta of 0.84.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, April 29th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The firm had revenue of $579.00 million for the quarter, compared to the consensus estimate of $689.91 million. During the same quarter in the previous year, the company posted $0.48 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were issued 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 dividend payout ratio is presently 126.32%.

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.