35,068 Shares in Invitation Home $INVH Purchased by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management initiated a position in Invitation Home, purchasing 35,068 shares valued at approximately $1.06 million. Institutional investors collectively own 96.79% of the company.
• Analyst sentiment is mixed but leans positive: ten analysts rate the stock a Buy, ten rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $32.68.
• Invitation Home shares opened at $30.28, near their 52-week high, while the company’s quarterly dividend implies a $1.20 annual payout and a 4.0% yield.

Oppenheimer Asset Management Inc. purchased a new position in shares of Invitation Home (NYSE:INVH - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,068 shares of the company's stock, valued at approximately $1,059,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings 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 last quarter. Prosperity Bancshares Inc acquired a new stake in Invitation Home during the 4th quarter valued at $42,000. AdvisorNet Financial Inc lifted its holdings in Invitation Home by 7,687.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock valued at $46,000 after purchasing an additional 1,845 shares during the last quarter. Essential Partners LLC lifted its holdings in Invitation Home by 353.7% during the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company's stock valued at $47,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Aventus Investment Advisors Inc. bought a new position in Invitation Home during the first quarter worth $50,000. Institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

INVH has been the topic of several research reports. Oppenheimer upped their price objective on shares of Invitation Home from $31.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Cfra downgraded shares of Invitation Home from a "hold" rating to a "sell" rating and reduced their target price for the stock from $29.00 to $27.00 in a report on Wednesday, May 27th. Raymond James Financial upgraded shares of Invitation Home from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research note on Monday, May 18th. Weiss Ratings raised shares of Invitation Home from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 1st. Finally, Mizuho boosted their price objective on Invitation Home from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, June 17th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $32.68.

Invitation Home Stock Down 0.0%

INVH opened at $30.28 on Monday. The stock has a fifty day moving average of $29.81 and a 200-day moving average of $27.90. The company has a market capitalization of $17.88 billion, a P/E ratio of 27.78, a P/E/G ratio of 4.33 and a beta of 0.83. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $31.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were paid a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a yield of 4.0%. Invitation Home's payout ratio is 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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