Sarasin & Partners LLP Has $1.56 Million Stock Holdings in Invitation Home $INVH

Sarasin & Partners LLP trimmed its stake in shares of Invitation Home (NYSE:INVH) by 40.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 51,674 shares of the company’s stock after selling 34,463 shares during the quarter. Sarasin & Partners LLP’s holdings in Invitation Home were worth $1,561,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased 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 worth $40,000 after purchasing an additional 1,360 shares during the period. Prosperity Bancshares Inc acquired a new stake in Invitation Home during the fourth quarter worth about $42,000. AdvisorNet Financial Inc grew its stake in Invitation Home by 7,687.5% during 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 in the last quarter. Essential Partners LLC increased its holdings in Invitation Home by 353.7% in the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock valued at $47,000 after buying an additional 1,468 shares during the period. Finally, Aventus Investment Advisors Inc. bought a new position in Invitation Home in the 1st quarter valued at about $50,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INVH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Invitation Home from $29.00 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday. Citigroup reissued a “buy” rating on shares of Invitation Home in a research note on Thursday. UBS Group boosted their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Oppenheimer upped their target price on Invitation Home from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Mizuho lifted their price target on Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.68.

Invitation Home Stock Performance

Shares of Invitation Home stock opened at $30.36 on Friday. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 3.57 and a beta of 0.83. Invitation Home has a twelve month low of $24.25 and a twelve month high of $31.38. The company’s fifty day moving average is $29.72 and its 200 day moving average is $27.78. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Thursday, June 25th. Invitation Home’s payout ratio is 110.09%.

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.