299,786 Shares in Invitation Home $INVH Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 299,786 Invitation Home shares worth approximately $9.1 million, while institutional investors overall own 96.79% of the company.
• Analyst sentiment remains mixed but generally stable: the stock carries an average “Hold” rating and a consensus price target of $32.68, with recent upgrades from Raymond James and Barclays.
• Invitation Home shares opened at $29.81, near their 50-day average, and the company pays a quarterly dividend of $0.30 per share, equating to a 4.0% annualized yield.

Assenagon Asset Management S.A. bought a new position in shares of Invitation Home (NYSE:INVH - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 299,786 shares of the company's stock, valued at approximately $9,057,000. Assenagon Asset Management S.A. owned approximately 0.05% of Invitation Home at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its stake in Invitation Home by 136,000.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company's stock worth $40,000 after buying an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc bought a new position in shares of Invitation Home in the 4th quarter worth $42,000. AdvisorNet Financial Inc lifted its stake in shares of Invitation Home by 7,687.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock worth $46,000 after purchasing an additional 1,845 shares during the last quarter. Essential Partners LLC lifted its stake in shares of Invitation Home by 353.7% during the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company's stock worth $47,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Aventus Investment Advisors Inc. bought a new stake in Invitation Home during the first quarter valued at about $50,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INVH. Scotiabank lifted their target price on Invitation Home from $29.00 to $30.00 and gave the company a "sector perform" rating in a research note on Thursday, June 18th. Raymond James Financial raised shares of Invitation Home from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Invitation Home from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 1st. Jefferies Financial Group raised shares of Invitation Home to a "hold" rating in a research report on Wednesday, July 22nd. Finally, Barclays boosted their price objective 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. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $32.68.

Invitation Home Trading Down 0.3%

Shares of NYSE:INVH opened at $29.81 on Wednesday. The business's 50-day moving average is $29.77 and its 200 day moving average is $27.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 1 year low of $24.25 and a 1 year high of $31.38. The firm has a market capitalization of $17.60 billion, a P/E ratio of 27.34, a P/E/G ratio of 3.50 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 4.0%. 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.

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