Farther Finance Advisors LLC Lowers Position in Invitation Home $INVH

Farther Finance Advisors LLC lessened its position in Invitation Home (NYSE:INVH) by 27.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,997 shares of the company’s stock after selling 4,804 shares during the quarter. Farther Finance Advisors LLC’s holdings in Invitation Home were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of INVH. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invitation Home by 5.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,645 shares of the company’s stock valued at $436,000 after buying an additional 760 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Invitation Home by 4.0% in the fourth quarter. Wellington Management Group LLP now owns 53,997 shares of the company’s stock worth $1,726,000 after buying an additional 2,089 shares during the period. GAMMA Investing LLC lifted its holdings in Invitation Home by 4,186.3% in the first quarter. GAMMA Investing LLC now owns 174,111 shares of the company’s stock worth $60,680,000 after buying an additional 170,049 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Invitation Home by 18.1% during the first quarter. Parallel Advisors LLC now owns 5,104 shares of the company’s stock valued at $178,000 after purchasing an additional 784 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Invitation Home by 7.7% during the first quarter. Rhumbline Advisers now owns 1,201,741 shares of the company’s stock valued at $41,881,000 after purchasing an additional 85,560 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INVH shares. Scotiabank lowered their target price on shares of Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a report on Thursday, August 28th. Wells Fargo & Company reduced their price target 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. Barclays cut 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. Keefe, Bruyette & Woods cut their target price on shares of 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. Finally, Evercore ISI cut their target price on shares of Invitation Home from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.43.

Invitation Home Stock Up 1.0%

Shares of NYSE INVH opened at $29.18 on Monday. The firm’s 50-day moving average price is $30.50 and its 200-day moving average price is $32.39. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 2.92 and a beta of 0.82. Invitation Home has a 12-month low of $28.76 and a 12-month high of $35.80.

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

Invitation Home Announces Dividend

The company 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. 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 (DPR) is 131.82%.

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.