Royal Bank of Canada Reduces Stock Holdings in Invitation Home $INVH

Royal Bank of Canada lessened its position in Invitation Home (NYSE:INVH) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,496,755 shares of the company’s stock after selling 62,950 shares during the quarter. Royal Bank of Canada’s holdings in Invitation Home were worth $37,195,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Invitation Home by 67.4% during 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 during the last quarter. Empowered Funds LLC grew its holdings in shares of Invitation Home by 10.7% in the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock worth $464,000 after purchasing an additional 1,290 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Invitation Home in the 2nd quarter worth about $287,000. Cetera Investment Advisers lifted its holdings in Invitation Home by 8.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock valued at $637,000 after buying an additional 1,528 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its position in Invitation Home by 5.5% in the 2nd quarter. Cresset Asset Management LLC now owns 15,646 shares of the company’s stock valued at $515,000 after buying an additional 809 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

INVH has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. UBS Group increased their price objective on Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Raymond James Financial raised Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, May 18th. Royal Bank Of Canada upped their target price on Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Finally, Cfra downgraded Invitation Home from a “hold” rating to a “sell” rating and dropped their price target for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. 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’s stock. According to data from MarketBeat.com, Invitation Home presently has a consensus rating of “Hold” and a consensus price target of $32.58.

Invitation Home Stock Performance

Shares of INVH stock opened at $30.49 on Tuesday. Invitation Home has a 12-month low of $24.25 and a 12-month high of $31.38. The business’s fifty day simple moving average is $29.66 and its 200-day simple moving average is $27.71. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. The company has a market cap of $18.11 billion, a PE ratio of 27.98, a PEG ratio of 3.48 and a beta of 0.83.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. Invitation Home’s payout ratio is presently 110.09%.

Invitation Home 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.