J. Safra Sarasin Holding AG acquired a new position in Invitation Home (NYSE:INVH – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 32,148 shares of the company’s stock, valued at approximately $797,000.
Several other institutional investors have also modified their holdings of INVH. Cromwell Holdings LLC grew its holdings in Invitation Home by 2,463.5% during the fourth quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after acquiring an additional 1,281 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after acquiring an additional 1,360 shares during the last quarter. Prosperity Bancshares Inc acquired a new stake in Invitation Home in the 4th quarter valued at about $42,000. AdvisorNet Financial Inc boosted its position in shares of Invitation Home by 7,687.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after purchasing an additional 1,845 shares in the last quarter. Finally, Aventus Investment Advisors Inc. bought a new position in shares of Invitation Home during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
Invitation Home Price Performance
NYSE INVH opened at $30.24 on Wednesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.50. Invitation Home has a 1 year low of $24.25 and a 1 year high of $32.67. The company has a market cap of $17.96 billion, a PE ratio of 31.83, a PEG ratio of 3.53 and a beta of 0.84. The stock’s 50-day moving average price is $29.34 and its two-hundred day moving average price is $27.45.
Invitation Home Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, June 25th. Invitation Home’s payout ratio is presently 126.32%.
Wall Street Analysts Forecast Growth
INVH has been the topic of several recent research reports. Barclays lifted their price objective on shares of Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of Invitation Home from $28.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Cfra lowered shares of Invitation Home from a “hold” rating to a “sell” rating and decreased their price target for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. Compass Point upgraded shares of Invitation Home to a “hold” rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company raised 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 report on Wednesday, June 24th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.47.
Read Our Latest 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.
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