Lasalle Investment Management Securities LLC lifted its stake in shares of Invitation Home (NYSE:INVH – Free Report) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 605,488 shares of the company’s stock after acquiring an additional 132,155 shares during the quarter. Lasalle Investment Management Securities LLC owned about 0.10% of Invitation Home worth $16,827,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in shares of Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after acquiring an additional 1,068 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Invitation Home by 59.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $36,000 after acquiring an additional 466 shares in the last quarter. 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 in the last quarter. Caitong International Asset Management Co. Ltd boosted 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 worth $40,000 after acquiring an additional 1,360 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Invitation Home during the 2nd quarter worth about $55,000. Institutional investors own 96.79% of the company’s stock.
Invitation Home Price Performance
NYSE INVH opened at $29.25 on Monday. Invitation Home has a twelve month low of $24.25 and a twelve month high of $34.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market capitalization of $17.38 billion, a PE ratio of 30.79, a P/E/G ratio of 3.44 and a beta of 0.85. The stock has a 50-day simple moving average of $27.13 and a 200 day simple moving average of $26.99.
Invitation Home Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, March 26th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.20 annualized dividend and a yield of 4.1%. Invitation Home’s dividend payout ratio is 126.32%.
Wall Street Analysts Forecast Growth
INVH has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, March 9th. Keefe, Bruyette & Woods boosted their price objective on Invitation Home from $28.00 to $29.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Barclays boosted their price objective on Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wells Fargo & Company cut their price objective on Invitation Home from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Finally, UBS Group cut their price objective on Invitation Home from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.33.
Check Out Our Latest Analysis on INVH
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.
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