Aberdeen Group plc Sells 264,508 Shares of Invitation Home $INVH

Aberdeen Group plc lowered its stake in shares of Invitation Home (NYSE:INVH) by 17.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,285,775 shares of the company’s stock after selling 264,508 shares during the quarter. Aberdeen Group plc owned about 0.21% of Invitation Home worth $37,339,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in shares of Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after purchasing an additional 1,068 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Invitation Home by 59.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $36,000 after purchasing an additional 466 shares during the period. Mather Group LLC. acquired a new stake in Invitation Home during the third quarter worth about $42,000. IFP Advisors Inc increased its holdings in Invitation Home by 3,219.5% in the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after buying an additional 1,320 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Invitation Home in the 2nd quarter valued at approximately $49,000. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on INVH shares. Oppenheimer set a $38.00 price target on shares of Invitation Home and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Mizuho reiterated a “neutral” rating and issued a $27.00 price target (down previously from $30.00) on shares of Invitation Home in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. Citigroup restated a “market outperform” rating on shares of Invitation Home in a research report on Wednesday, January 21st. Finally, UBS Group set a $40.00 target price on Invitation Home in a research report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.70.

Invitation Home Stock Performance

Shares of INVH stock opened at $26.97 on Tuesday. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 2.94 and a beta of 0.83. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $26.97 and its 200-day moving average price is $28.36. Invitation Home has a 12 month low of $25.29 and a 12 month high of $35.80.

Invitation Home Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were given a $0.30 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 23rd. This represents a $1.20 annualized dividend and a yield of 4.5%. Invitation Home’s dividend payout ratio is currently 126.32%.

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.