Bessemer Group Inc. Reduces Stake in Invitation Home $INVH

Bessemer Group Inc. lowered its position in Invitation Home (NYSE:INVH) by 58.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,334 shares of the company’s stock after selling 16,211 shares during the period. Bessemer Group Inc.’s holdings in Invitation Home were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Invitation Home during the 2nd quarter worth approximately $30,000. Larson Financial Group LLC raised its stake in shares of Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after buying an additional 854 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Invitation Home during the 1st quarter worth approximately $37,000. Zions Bancorporation National Association UT acquired a new position in shares of Invitation Home during the 1st quarter worth approximately $40,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Invitation Home by 49.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock worth $42,000 after buying an additional 421 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore ISI reduced their price objective on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday. Keefe, Bruyette & Woods reduced 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. Royal Bank Of Canada reduced their price objective on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday. Scotiabank reduced their price objective on 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 reduced their price objective on 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.78.

Invitation Home Stock Down 0.9%

Shares of INVH opened at $28.17 on Monday. Invitation Home has a 52-week low of $27.38 and a 52-week high of $35.80. The company has a market capitalization of $17.27 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81. The stock has a fifty day simple moving average of $29.31 and a two-hundred day simple moving average of $31.55. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The business had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. During the same period last year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is 122.11%.

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.