American Assets Capital Advisers LLC Has $1.50 Million Stock Position in Invitation Home $INVH

American Assets Capital Advisers LLC cut its holdings in shares of Invitation Home (NYSE:INVH) by 62.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,774 shares of the company’s stock after selling 76,859 shares during the period. Invitation Home comprises approximately 1.5% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 19th biggest position. American Assets Capital Advisers LLC’s holdings in Invitation Home were worth $1,501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INVH. Metis Global Partners LLC grew its stake in shares of Invitation Home by 21.0% during the second quarter. Metis Global Partners LLC now owns 115,076 shares of the company’s stock worth $3,774,000 after buying an additional 19,942 shares during the last quarter. Harvest Portfolios Group Inc. increased its stake in shares of Invitation Home by 17.3% in the second quarter. Harvest Portfolios Group Inc. now owns 62,877 shares of the company’s stock valued at $2,062,000 after buying an additional 9,295 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in Invitation Home in the 2nd quarter valued at approximately $877,000. Cbre Investment Management Listed Real Assets LLC boosted its position in Invitation Home by 5.7% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 6,058,456 shares of the company’s stock worth $198,717,000 after buying an additional 327,267 shares during the period. Finally, Savant Capital LLC bought a new stake in Invitation Home during the 2nd quarter worth approximately $477,000. Institutional investors own 96.79% of the company’s stock.

Invitation Home Price Performance

Invitation Home stock opened at $28.03 on Friday. Invitation Home has a 52 week low of $27.38 and a 52 week high of $35.80. The stock has a market cap of $17.18 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 2.78 and a beta of 0.81. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $29.03 and a 200 day simple moving average of $31.39.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The firm had revenue of $688.17 million for the quarter, compared to analysts’ expectations of $679.41 million. During the same quarter last year, the company posted $0.47 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, research analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on INVH shares. JPMorgan Chase & Co. upgraded Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price objective for the company in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Mizuho reduced their price objective on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Keefe, Bruyette & Woods cut their price target on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday, October 13th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.47.

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.