Cwm LLC increased its holdings in Invitation Home (NYSE:INVH – Free Report) by 45.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,664 shares of the company’s stock after purchasing an additional 35,747 shares during the period. Cwm LLC’s holdings in Invitation Home were worth $3,334,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in INVH. Harbor Capital Advisors Inc. bought a new stake in shares of Invitation Home during the second quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Invitation Home by 49.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock valued at $42,000 after acquiring an additional 421 shares during the last quarter. IFP Advisors Inc lifted its position in Invitation Home by 3,219.5% during 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 during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Invitation Home in the 2nd quarter valued at about $49,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Invitation Home in the 2nd quarter valued at approximately $55,000. 96.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Evercore ISI cut 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. Royal Bank Of Canada dropped their price target on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced 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. Morgan Stanley decreased their price objective on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Finally, Bank of America dropped their target price on Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Invitation Home presently has an average rating of “Moderate Buy” and a consensus price target of $34.70.
Invitation Home Price Performance
Shares of INVH stock opened at $27.83 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 capitalization of $17.06 billion, a P/E ratio of 29.29, a P/E/G ratio of 2.73 and a beta of 0.83. The company’s 50-day simple moving average is $27.72 and its two-hundred day simple moving average is $29.68. Invitation Home has a one year low of $26.02 and a one year high of $35.80.
Invitation Home (NYSE:INVH – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $688.17 million during 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 company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities analysts anticipate that Invitation Home will post 1.83 EPS for the current year.
Invitation Home Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.30 per share. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Invitation Home’s dividend payout ratio is presently 126.32%.
About Invitation Home
Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.
Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.
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