Handelsbanken Fonder AB Trims Stock Holdings in Invitation Home $INVH

Key Points

• Handelsbanken Fonder AB cut its Invitation Home stake by 61.8% in the second quarter, selling 304,585 shares and retaining 187,900 shares valued at approximately $5.7 million. Institutional investors collectively own 96.79% of the company.
• Invitation Home shares opened at $30.28, near the upper end of their 12-month range of $24.25 to $31.38. The company recently paid a quarterly dividend of $0.30, equivalent to a 4.0% annualized yield.
• Analyst sentiment is mixed but leans toward “Hold,” with 10 Buy, 10 Hold, and one Sell rating; the consensus price target is $32.68, while several firms recently raised their targets and ratings.

Handelsbanken Fonder AB reduced its position in Invitation Home (NYSE:INVH - Free Report) by 61.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,900 shares of the company's stock after selling 304,585 shares during the quarter. Handelsbanken Fonder AB's holdings in Invitation Home were worth $5,676,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of INVH. Caitong International Asset Management Co. Ltd increased 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 valued at $40,000 after purchasing an additional 1,360 shares during the period. Prosperity Bancshares Inc purchased a new position in shares of Invitation Home during the fourth quarter worth about $42,000. AdvisorNet Financial Inc increased its position in Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock valued at $46,000 after acquiring an additional 1,845 shares during the period. Essential Partners LLC raised its stake 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 acquiring an additional 1,468 shares during the last quarter. Finally, Aventus Investment Advisors Inc. purchased a new stake in Invitation Home during the 1st quarter valued at approximately $50,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Home Stock Performance

Shares of INVH stock opened at $30.28 on Friday. The company has a market cap of $17.88 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 3.55 and a beta of 0.83. The stock has a 50 day simple moving average of $29.81 and a 200-day simple moving average of $27.89. Invitation Home has a 12-month low of $24.25 and a 12-month high of $31.38. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Invitation Home's dividend payout ratio (DPR) is 110.09%.

Analyst Ratings Changes

Several brokerages have weighed in on INVH. Weiss Ratings upgraded Invitation Home from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, June 1st. Keefe, Bruyette & Woods upped their price target on Invitation Home from $29.00 to $31.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 5th. Raymond James Financial raised Invitation Home from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a report on Monday, May 18th. Compass Point upgraded shares of Invitation Home to a "hold" rating in a research report on Thursday, July 9th. Finally, Oppenheimer boosted their price objective on shares of Invitation Home from $31.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.68.

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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