Dockside LLC Makes New $5.39 Million Investment in Invitation Home $INVH

Dockside LLC acquired a new stake in Invitation Home (NYSE:INVH) during the second quarter, Holdings Channel reports. The firm acquired 178,594 shares of the company’s stock, valued at approximately $5,395,000. Invitation Home comprises 1.3% of Dockside LLC’s holdings, making the stock its 13th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its stake in shares of Invitation Home by 136,000.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after buying an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc bought a new position in Invitation Home in the 4th quarter worth approximately $42,000. AdvisorNet Financial Inc grew its stake in Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after buying an additional 1,845 shares in the last quarter. Essential Partners LLC grew its stake 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 in the last quarter. Finally, Aventus Investment Advisors Inc. bought a new stake in Invitation Home during the 1st quarter valued at $50,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INVH has been the subject of several analyst reports. Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $31.00 to $33.00 in a research report on Wednesday, June 24th. Barclays increased their price target on shares of Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Mizuho boosted their price objective on shares of Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Finally, Scotiabank upped their target price on shares of Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Ten investment 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. According to data from MarketBeat.com, Invitation Home has an average rating of “Hold” and an average target price of $32.68.

Invitation Home Price Performance

Shares of Invitation Home stock opened at $30.28 on Friday. The firm has a market capitalization of $17.88 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 3.55 and a beta of 0.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. Invitation Home has a 12 month low of $24.25 and a 12 month high of $31.38. The business’s 50-day moving average price is $29.81 and its 200-day moving average price is $27.89.

Invitation Home Announces Dividend

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 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, June 25th. Invitation Home’s dividend payout ratio is currently 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.