Harbor Capital Advisors Inc. Invests $30,000 in Invitation Home $INVH

Harbor Capital Advisors Inc. acquired a new stake in Invitation Home (NYSE:INVH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 909 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds also recently made changes to their positions in the stock. Czech National Bank lifted its holdings in shares of Invitation Home by 6.5% during the 2nd quarter. Czech National Bank now owns 139,338 shares of the company’s stock valued at $4,570,000 after acquiring an additional 8,482 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Invitation Home by 49.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock valued at $42,000 after acquiring an additional 421 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Invitation Home by 66.2% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,335 shares of the company’s stock valued at $142,000 after acquiring an additional 1,727 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new stake in Invitation Home during the first quarter worth approximately $1,252,000. Finally, Swedbank AB boosted its stake in Invitation Home by 6.1% in the 1st quarter. Swedbank AB now owns 609,855 shares of the company’s stock worth $21,253,000 after purchasing an additional 35,000 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup raised shares of Invitation Home from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Wells Fargo & Company lowered their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Evercore ISI reduced their target price on shares of Invitation Home from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Barclays dropped their target price on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Invitation Home from $37.00 to $33.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.47.

Invitation Home Stock Performance

Shares of Invitation Home stock opened at $29.60 on Friday. Invitation Home has a 1 year low of $29.28 and a 1 year high of $36.75. The firm’s 50-day moving average is $30.79 and its 200 day moving average is $32.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.96 and a beta of 0.82.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The firm had revenue of $681.40 million during the quarter, compared to analyst estimates of $675.01 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Sell-side analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be paid a $0.29 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a yield of 3.9%. Invitation Home’s dividend payout ratio (DPR) is presently 131.82%.

About Invitation Home

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.