Franklin Resources Inc. Lowers Position in Invitation Home $INVH

Franklin Resources Inc. trimmed its holdings in shares of Invitation Home (NYSE:INVH) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,677 shares of the company’s stock after selling 11,898 shares during the period. Franklin Resources Inc.’s holdings in Invitation Home were worth $5,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of INVH. HB Wealth Management LLC purchased a new position in Invitation Home during the first quarter valued at approximately $208,000. LPL Financial LLC boosted its position in Invitation Home by 78.7% during the 1st quarter. LPL Financial LLC now owns 137,605 shares of the company’s stock valued at $4,796,000 after acquiring an additional 60,604 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Invitation Home in the 1st quarter valued at $455,000. Commerce Bank increased its holdings in shares of Invitation Home by 4.2% in the 1st quarter. Commerce Bank now owns 10,197 shares of the company’s stock valued at $355,000 after acquiring an additional 414 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Invitation Home by 373.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 598,782 shares of the company’s stock worth $20,868,000 after acquiring an additional 472,254 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Oppenheimer set a $38.00 price objective on Invitation Home and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada lowered their price target on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered 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. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.91.

Invitation Home Stock Down 1.5%

INVH stock opened at $27.79 on Tuesday. The firm has a 50 day moving average of $28.40 and a 200 day moving average of $30.65. The stock has a market capitalization of $17.04 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.77 and a beta of 0.83. 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 has a 52 week low of $27.32 and a 52 week high of $35.80.

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

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were paid a $0.29 dividend. The ex-dividend date was Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.2%. Invitation Home’s dividend payout ratio is presently 122.11%.

Invitation Home Company 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.