Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Invitation Home (NYSE:INVH – Free Report) by 23.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 409,584 shares of the company’s stock after purchasing an additional 78,287 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Invitation Home were worth $10,178,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of INVH. AQR Capital Management LLC raised its stake in Invitation Home by 67.4% in the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock valued at $2,589,000 after purchasing an additional 29,962 shares in the last quarter. Empowered Funds LLC grew its stake in Invitation Home by 10.7% during the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock worth $464,000 after buying an additional 1,290 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Invitation Home during the second quarter worth about $287,000. Cetera Investment Advisers grew its stake in Invitation Home by 8.5% during the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock worth $637,000 after buying an additional 1,528 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in Invitation Home by 5.5% in the 2nd quarter. Cresset Asset Management LLC now owns 15,646 shares of the company’s stock valued at $515,000 after buying an additional 809 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.
Invitation Home Stock Performance
Shares of Invitation Home stock opened at $30.07 on Tuesday. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 3.47 and a beta of 0.84. Invitation Home has a twelve month low of $24.25 and a twelve month high of $32.67. The company’s fifty day moving average is $29.31 and its 200 day moving average is $27.43. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 25th. Invitation Home’s dividend payout ratio is 126.32%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and set a $32.00 price target on shares of Invitation Home in a report on Friday, May 1st. Barclays increased their price target on shares of Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Raymond James Financial raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Monday, May 18th. BMO Capital Markets boosted their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Finally, Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $33.00 in a research note on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Invitation Home currently has an average rating of “Hold” and a consensus target price of $32.26.
Read Our Latest Stock Report on INVH
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.
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