Amundi Has $39.84 Million Stock Position in Invitation Home $INVH

Amundi reduced its stake in Invitation Home (NYSE:INVH) by 36.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,225,469 shares of the company’s stock after selling 690,281 shares during the period. Amundi owned 0.20% of Invitation Home worth $39,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in Invitation Home during the second quarter worth about $30,000. GKV Capital Management Co. Inc. bought a new position in Invitation Home during the 1st quarter worth approximately $37,000. Zions Bancorporation National Association UT acquired a new position in Invitation Home during the first quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB increased its stake in Invitation Home by 49.5% in the second 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 in the last quarter. Finally, IFP Advisors Inc increased its stake in Invitation Home by 3,219.5% in the second quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after purchasing an additional 1,320 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Down 2.3%

INVH stock opened at $26.06 on Wednesday. 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 stock has a market capitalization of $15.97 billion, a P/E ratio of 27.43, a P/E/G ratio of 2.62 and a beta of 0.83. Invitation Home has a fifty-two week low of $26.02 and a fifty-two week high of $35.80. The business has a 50-day moving average of $28.15 and a 200-day moving average of $30.36.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share 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 firm had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The business’s 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, sell-side analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.5%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio is presently 122.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Mizuho decreased their target price on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Royal Bank Of Canada lowered their price target on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Evercore ISI dropped their price target on 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, JPMorgan Chase & Co. decreased their price objective on Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Invitation Home currently 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.