Invitation Home $INVH Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in Invitation Home (NYSE:INVH) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,583 shares of the company’s stock after purchasing an additional 533 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Invitation Home were worth $2,084,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CWM LLC lifted its position in shares of Invitation Home by 1,097.1% during the second quarter. CWM LLC now owns 77,917 shares of the company’s stock worth $2,556,000 after purchasing an additional 71,408 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Invitation Home by 15.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 48,201 shares of the company’s stock valued at $1,581,000 after acquiring an additional 6,556 shares during the period. Inspire Investing LLC boosted its holdings in Invitation Home by 8.5% during the second quarter. Inspire Investing LLC now owns 67,683 shares of the company’s stock worth $2,220,000 after buying an additional 5,283 shares in the last quarter. Aberdeen Group plc boosted its holdings in Invitation Home by 4.8% during the second quarter. Aberdeen Group plc now owns 1,550,283 shares of the company’s stock worth $50,849,000 after buying an additional 70,924 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Invitation Home by 16.8% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 15,292 shares of the company’s stock worth $502,000 after buying an additional 2,201 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INVH. Wells Fargo & Company decreased their target price on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 13th. Evercore ISI reduced their price target on shares of Invitation Home from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Scotiabank dropped their price target on shares of Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a research note on Thursday, August 28th. Finally, Barclays dropped their price target on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.97.

Invitation Home Price Performance

Shares of INVH opened at $28.71 on Wednesday. The firm has a market capitalization of $17.60 billion, a PE ratio of 32.62, a PEG ratio of 2.86 and a beta of 0.81. The company’s 50-day moving average is $29.64 and its 200-day moving average is $31.75. Invitation Home has a fifty-two week low of $27.71 and a fifty-two week high of $35.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02.

Invitation Home (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period 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. Equities analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s dividend payout ratio (DPR) is currently 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.