Truist Financial Corp Sells 504 Shares of Invitation Home $INVH

Truist Financial Corp trimmed its position in Invitation Home (NYSE:INVH) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,132 shares of the company’s stock after selling 504 shares during the period. Truist Financial Corp’s holdings in Invitation Home were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Invitation Home by 1,019.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock valued at $214,415,000 after purchasing an additional 5,603,077 shares during the last quarter. Nuveen LLC purchased a new position in shares of Invitation Home in the 1st quarter worth approximately $148,870,000. Woodline Partners LP lifted its stake in Invitation Home by 4,762.6% in the first quarter. Woodline Partners LP now owns 1,656,651 shares of the company’s stock valued at $57,734,000 after purchasing an additional 1,622,582 shares during the last quarter. Resolution Capital Ltd lifted its stake in Invitation Home by 24.6% in the first quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company’s stock valued at $225,000,000 after purchasing an additional 1,273,244 shares during the last quarter. Finally, Aberdeen Group plc lifted its stake in Invitation Home by 301.7% in the first quarter. Aberdeen Group plc now owns 1,479,359 shares of the company’s stock valued at $51,563,000 after purchasing an additional 1,111,095 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Home Stock Up 0.2%

INVH opened at $28.51 on Friday. The stock has a market cap of $17.48 billion, a PE ratio of 32.40, a P/E/G ratio of 2.85 and a beta of 0.81. 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 has a 52 week low of $27.71 and a 52 week high of $35.80. The business’s fifty day simple moving average is $29.69 and its 200 day simple moving average is $31.81.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $681.40 million for 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 firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, research analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio is presently 131.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INVH shares. Evercore ISI lowered their target price on shares of Invitation Home from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Keefe, Bruyette & Woods decreased their price target 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. Royal Bank Of Canada decreased their price target on shares of Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invitation Home in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a report on Friday. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.34.

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.