Boston Partners Acquires New Position in Invitation Home $INVH

Boston Partners acquired a new stake in shares of Invitation Home (NYSE:INVH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 65,733 shares of the company’s stock, valued at approximately $2,156,000.

Several other large investors have also bought and sold shares of INVH. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Invitation Home by 1,019.8% during the first 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 buying an additional 5,603,077 shares during the last quarter. Nuveen LLC purchased a new stake in Invitation Home during the 1st quarter valued at $148,870,000. Woodline Partners LP boosted its stake in Invitation Home by 4,762.6% during the 1st 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 increased its holdings in shares of Invitation Home by 24.6% in the 1st quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company’s stock worth $225,000,000 after purchasing an additional 1,273,244 shares in the last quarter. Finally, Aberdeen Group plc raised its stake in shares of Invitation Home by 301.7% in the first quarter. Aberdeen Group plc now owns 1,479,359 shares of the company’s stock worth $51,563,000 after purchasing an additional 1,111,095 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on INVH shares. Keefe, Bruyette & Woods dropped their price objective on Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Scotiabank lowered their target price on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Barclays reduced their price target on shares of Invitation Home from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday. Evercore ISI lowered their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Finally, Oppenheimer set a $38.00 target price on shares of Invitation Home and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.91.

Invitation Home Trading Up 1.0%

Shares of INVH stock opened at $28.20 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.77 and a beta of 0.81. Invitation Home has a 1 year low of $27.32 and a 1 year high of $35.80. The firm has a fifty day moving average price of $28.44 and a 200-day moving average price of $30.71.

Invitation Home (NYSE:INVH) last announced its earnings results on Wednesday, October 29th. The company reported $0.47 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 company had revenue of $688.17 million for the quarter, compared to analysts’ expectations of $679.41 million. During the same period last year, the firm earned $0.47 EPS. Invitation Home’s revenue for the quarter was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities analysts predict that Invitation Home will post 1.83 earnings per share for the current 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 given 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 payout ratio is presently 122.11%.

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.