GAMMA Investing LLC lifted its stake in shares of Invitation Home (NYSE:INVH – Free Report) by 18.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,899 shares of the company’s stock after purchasing an additional 903 shares during the quarter. GAMMA Investing LLC’s holdings in Invitation Home were worth $193,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Pallas Capital Advisors LLC bought a new stake in shares of Invitation Home during the second quarter valued at approximately $432,000. Cbre Investment Management Listed Real Assets LLC increased its stake in Invitation Home by 2.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company’s stock valued at $199,732,000 after purchasing an additional 134,012 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Invitation Home by 9.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company’s stock valued at $520,000 after purchasing an additional 1,268 shares in the last quarter. Jump Financial LLC acquired a new position in Invitation Home during the first quarter worth $329,000. Finally, Robeco Schweiz AG lifted its stake in shares of Invitation Home by 42.7% in the first quarter. Robeco Schweiz AG now owns 344,000 shares of the company’s stock valued at $11,988,000 after buying an additional 103,000 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently commented on INVH. Citigroup raised shares of Invitation Home from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Royal Bank Of Canada decreased their price objective on Invitation Home from $35.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Keefe, Bruyette & Woods lowered their price objective on Invitation Home from $37.00 to $33.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Scotiabank cut their target price 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. Finally, Barclays decreased their price target on Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Invitation Home presently has an average rating of “Moderate Buy” and a consensus price target of $36.43.
Invitation Home Price Performance
Invitation Home stock opened at $29.18 on Monday. Invitation Home has a 52 week low of $28.76 and a 52 week high of $35.80. The company’s 50 day moving average price is $30.50 and its two-hundred day moving average price is $32.39. The stock has a market cap of $17.89 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.92 and a beta of 0.82. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47.
Invitation Home (NYSE:INVH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.Invitation Home’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, equities analysts predict that Invitation Home will post 1.83 earnings per share for the current year.
Invitation Home Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, September 25th. Invitation Home’s payout ratio 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.
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