Invitation Home $INVH Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its stake in Invitation Home (NYSE:INVH) by 44.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,852 shares of the company’s stock after selling 2,252 shares during the quarter. Parallel Advisors LLC’s holdings in Invitation Home were worth $94,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of INVH. Larson Financial Group LLC increased its stake in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after acquiring an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Invitation Home during the 1st quarter worth about $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Invitation Home during the 1st quarter worth about $40,000. North Capital Inc. acquired a new stake in shares of Invitation Home during the 1st quarter worth about $41,000. Finally, SVB Wealth LLC acquired a new stake in shares of Invitation Home during the 1st quarter worth about $58,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on INVH shares. Royal Bank Of Canada cut their price objective on Invitation Home from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Barclays cut their price objective on Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Keefe, Bruyette & Woods cut their price objective on Invitation Home from $37.00 to $33.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Scotiabank cut their price objective on Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a research report on Thursday, August 28th. Finally, Wells Fargo & Company cut their price objective on 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. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Invitation Home presently has a consensus rating of “Moderate Buy” and an average price target of $36.43.

Invitation Home Stock Performance

Shares of INVH opened at $29.22 on Thursday. The stock has a 50-day simple moving average of $30.63 and a 200-day simple moving average of $32.47. 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 stock has a market capitalization of $17.91 billion, a PE ratio of 33.20, a PEG ratio of 2.97 and a beta of 0.82. Invitation Home has a 1 year low of $29.18 and a 1 year high of $36.09.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $681.40 million during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $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 fiscal year.

Invitation Home Dividend Announcement

The business also recently declared 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. This represents a $1.16 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, September 25th. Invitation Home’s dividend payout ratio is currently 131.82%.

Invitation Home 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.