Arrowstreet Capital Limited Partnership Has $24.82 Million Stake in Invitation Home $INVH

Arrowstreet Capital Limited Partnership lifted its holdings in Invitation Home (NYSE:INVH) by 193.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 756,828 shares of the company’s stock after acquiring an additional 498,957 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.12% of Invitation Home worth $24,824,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new position in Invitation Home in the second quarter valued at about $30,000. GKV Capital Management Co. Inc. bought a new stake in Invitation Home during the 1st quarter worth about $37,000. Zions Bancorporation National Association UT acquired a new position in Invitation Home during the 1st quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Invitation Home by 49.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock valued at $42,000 after purchasing an additional 421 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Invitation Home by 3,219.5% during the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock worth $45,000 after buying an additional 1,320 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Trading Down 0.9%

NYSE:INVH opened at $27.14 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 business’s 50-day simple moving average is $28.26 and its 200-day simple moving average is $30.48. Invitation Home has a fifty-two week low of $27.11 and a fifty-two week high of $35.80. The stock has a market capitalization of $16.63 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.67 and a beta of 0.83.

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

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio is 122.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Barclays lowered their target price on shares of Invitation Home from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Mizuho cut their price target on Invitation Home from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Wells Fargo & Company reduced their price target on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Monday, October 13th. Finally, Evercore ISI decreased 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, October 31st. Nine investment 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, Invitation Home presently has a consensus rating of “Moderate Buy” and an average target price of $34.91.

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.