Sei Investments Co. lessened its stake in shares of Invitation Home (NYSE:INVH – Free Report) by 25.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,053,588 shares of the company’s stock after selling 694,698 shares during the period. Sei Investments Co.’s holdings in Invitation Home were worth $51,032,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in Invitation Home by 67.4% in the 1st quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock worth $2,589,000 after acquiring an additional 29,962 shares in the last quarter. Empowered Funds LLC lifted its holdings in Invitation Home by 10.7% during the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after purchasing an additional 1,290 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Invitation Home during the second quarter valued at approximately $287,000. Cetera Investment Advisers boosted its position in shares of Invitation Home by 8.5% in the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock worth $637,000 after purchasing an additional 1,528 shares during the period. Finally, Cresset Asset Management LLC raised its position in shares of Invitation Home by 5.5% during the 2nd quarter. Cresset Asset Management LLC now owns 15,646 shares of the company’s stock valued at $515,000 after purchasing an additional 809 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Invitation Home Price Performance
INVH stock opened at $29.77 on Friday. Invitation Home has a 52 week low of $24.25 and a 52 week high of $32.27. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $29.55 and a two-hundred day simple moving average of $27.58. The firm has a market capitalization of $17.68 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 3.49 and a beta of 0.84.
Invitation Home Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is currently 126.32%.
Wall Street Analysts Forecast Growth
INVH has been the topic of several research analyst reports. Wells Fargo & Company raised shares of Invitation Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $33.00 in a report on Wednesday, June 24th. Cfra downgraded shares of Invitation Home from a “hold” rating to a “sell” rating and reduced their price target for the company from $29.00 to $27.00 in a report on Wednesday, May 27th. Scotiabank boosted their price target on shares of Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. BMO Capital Markets increased their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Finally, Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research report on Wednesday. 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.47.
Check Out Our Latest Stock Report on Invitation Home
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.
See Also
- Five stocks we like better than Invitation Home
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Home (NYSE:INVH – Free Report).
Receive News & Ratings for Invitation Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Home and related companies with MarketBeat.com's FREE daily email newsletter.
