Sarasin & Partners LLP Sells 34,463 Shares of Invitation Home $INVH

Sarasin & Partners LLP cut its holdings in shares of Invitation Home (NYSE:INVH) by 40.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in Invitation Home during the fourth quarter worth $1,438,952,000. State Street Corp raised its position in shares of Invitation Home by 1.3% in the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after purchasing an additional 462,379 shares during the period. Geode Capital Management LLC raised its position in shares of Invitation Home by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after purchasing an additional 203,474 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Invitation Home by 8.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after buying an additional 1,168,113 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Invitation Home by 7.5% during the 3rd quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock worth $370,227,000 after buying an additional 877,491 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Home Trading Down 0.5%

INVH stock opened at $30.36 on Friday. Invitation Home has a 52 week low of $24.25 and a 52 week high of $31.38. The company has a market capitalization of $17.93 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 3.57 and a beta of 0.83. The company’s 50-day simple moving average is $29.72 and its 200 day simple moving average is $27.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a dividend of $0.30 per share. 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 dividend payout ratio is presently 110.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on INVH shares. Oppenheimer upped their price target on shares of Invitation Home from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday. Compass Point upgraded shares of Invitation Home to a “hold” rating in a research report on Thursday, July 9th. Raymond James Financial upgraded Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, May 18th. Barclays upped their target price on Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets increased their target price on Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.68.

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.