Pallas Capital Advisors LLC Takes $432,000 Position in Invitation Home $INVH

Pallas Capital Advisors LLC acquired a new stake in Invitation Home (NYSE:INVH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,176 shares of the company’s stock, valued at approximately $432,000.

A number of other institutional investors and hedge funds also recently modified their holdings of INVH. Harbor Capital Advisors Inc. acquired a new stake in shares of Invitation Home during the second quarter worth $30,000. Larson Financial Group LLC raised its position in shares of Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after purchasing an additional 854 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Invitation Home during the first quarter worth $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Invitation Home during the first quarter worth $40,000. Finally, North Capital Inc. acquired a new stake in shares of Invitation Home during the first quarter worth $41,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Up 0.3%

Shares of INVH opened at $29.60 on Friday. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.96 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The business’s fifty day moving average price is $30.79 and its two-hundred day moving average price is $32.55. Invitation Home has a 52 week low of $29.28 and a 52 week high of $36.75.

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

Invitation Home Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on INVH shares. Wells Fargo & Company dropped their price target on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Evercore ISI dropped their price target on Invitation Home from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Keefe, Bruyette & Woods dropped their price target on Invitation Home from $37.00 to $33.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Barclays dropped their price target on Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Finally, Scotiabank dropped their price target on Invitation Home from $38.00 to $36.00 and set a “sector performer” rating on the stock in a research report on Thursday, August 28th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.47.

Invitation Home Company Profile

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.