Allianz Asset Management GmbH Trims Holdings in Invitation Home $INVH

Allianz Asset Management GmbH trimmed its position in Invitation Home (NYSE:INVH) by 27.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 595,461 shares of the company’s stock after selling 222,768 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.10% of Invitation Home worth $17,465,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State of Michigan Retirement System increased its stake in Invitation Home by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 155,000 shares of the company’s stock worth $5,084,000 after acquiring an additional 400 shares during the last quarter. Carnegie Lake Advisors LLC grew its holdings in shares of Invitation Home by 1.2% during the third quarter. Carnegie Lake Advisors LLC now owns 33,776 shares of the company’s stock worth $991,000 after purchasing an additional 400 shares in the last quarter. Virtus Investment Advisers LLC grew its holdings in shares of Invitation Home by 9.0% during the second quarter. Virtus Investment Advisers LLC now owns 5,086 shares of the company’s stock worth $167,000 after purchasing an additional 422 shares in the last quarter. Rothschild Investment LLC increased its position in shares of Invitation Home by 11.8% in the second quarter. Rothschild Investment LLC now owns 4,127 shares of the company’s stock worth $135,000 after purchasing an additional 436 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in Invitation Home by 0.4% in the third quarter. AlphaQuest LLC now owns 112,989 shares of the company’s stock valued at $3,314,000 after purchasing an additional 454 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Down 0.2%

Shares of Invitation Home stock opened at $26.37 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. Invitation Home has a 52-week low of $25.29 and a 52-week high of $35.80. The company’s 50 day moving average price is $27.03 and its 200-day moving average price is $28.58. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.87 and a beta of 0.83.

Invitation Home Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s payout ratio is presently 126.32%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup reiterated a “market outperform” rating on shares of Invitation Home in a research report on Wednesday, January 21st. Morgan Stanley cut their target price on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Keefe, Bruyette & Woods decreased their price target on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Bank of America lowered their price objective on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, UBS Group set a $40.00 target price on shares of Invitation Home in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.70.

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.