Aurora Investment Managers LLC. purchased a new position in shares of Invitation Home (NYSE:INVH – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 98,580 shares of the company’s stock, valued at approximately $2,740,000. Invitation Home comprises about 1.6% of Aurora Investment Managers LLC.’s holdings, making the stock its 25th largest holding.
Several other institutional investors have also recently made changes to their positions in INVH. AQR Capital Management LLC lifted its stake in shares of Invitation Home by 67.4% in the 1st quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock valued at $2,589,000 after purchasing an additional 29,962 shares during the last quarter. Empowered Funds LLC raised its holdings in Invitation Home by 10.7% in the 1st quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after buying an additional 1,290 shares during the period. Sivia Capital Partners LLC acquired a new position in Invitation Home in the second quarter valued at about $287,000. Creative Planning lifted its position in Invitation Home by 25.2% in the second quarter. Creative Planning now owns 45,084 shares of the company’s stock valued at $1,479,000 after buying an additional 9,083 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Invitation Home by 8.5% during the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock worth $637,000 after buying an additional 1,528 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Invitation Home Stock Down 2.4%
Invitation Home stock opened at $24.40 on Monday. The firm has a market capitalization of $14.87 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.61 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 0.44. Invitation Home has a twelve month low of $24.25 and a twelve month high of $35.80. The stock’s fifty day simple moving average is $26.31 and its 200-day simple moving average is $27.56.
Invitation Home Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, March 26th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.20 annualized dividend and a yield of 4.9%. Invitation Home’s dividend payout ratio (DPR) is 125.00%.
Analysts Set New Price Targets
A number of brokerages have weighed in on INVH. Oppenheimer dropped their price target on shares of Invitation Home from $38.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Raymond James Financial reaffirmed a “market perform” rating on shares of Invitation Home in a research report on Friday, February 27th. Keefe, Bruyette & Woods cut their target price on Invitation Home from $31.00 to $28.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley decreased their price target on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Finally, Royal Bank Of Canada lowered their price target on Invitation Home from $30.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, February 20th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Invitation Home has an average rating of “Moderate Buy” and a consensus target price of $32.88.
Read Our Latest Analysis on INVH
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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