Commerzbank Aktiengesellschaft FI increased its stake in Invitation Home (NYSE:INVH – Free Report) by 143.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,401 shares of the company’s stock after purchasing an additional 23,196 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Invitation Home were worth $979,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Cromwell Holdings LLC increased its position in Invitation Home by 2,463.5% in the fourth quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after buying an additional 1,281 shares during the last quarter. Caitong International Asset Management Co. Ltd grew 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 during the period. Prosperity Bancshares Inc bought a new position in shares of Invitation Home during the 4th quarter worth $42,000. MUFG Securities EMEA plc purchased a new stake in Invitation Home in the 2nd quarter worth about $55,000. Finally, AdvisorNet Financial Inc increased its holdings in Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock worth $46,000 after acquiring an additional 1,845 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Invitation Home Price Performance
Invitation Home stock opened at $29.83 on Wednesday. The stock has a market cap of $17.72 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 3.53 and a beta of 0.84. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $29.47 and a 200 day simple moving average of $27.54. Invitation Home has a 52 week low of $24.25 and a 52 week high of $32.67.
Invitation Home Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is currently 126.32%.
Analyst Upgrades and Downgrades
INVH has been the topic of several recent research reports. Scotiabank upped their price objective on shares of Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Jefferies Financial Group raised shares of Invitation Home to a “hold” rating in a research report on Friday, June 26th. Wells Fargo & Company raised shares of Invitation Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $31.00 to $33.00 in a report on Wednesday, June 24th. Wall Street Zen raised Invitation Home from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Cfra lowered Invitation Home from a “hold” rating to a “sell” rating and decreased their price objective for the company from $29.00 to $27.00 in a research note on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.47.
Check Out Our Latest Research 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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