Allstate Corp Purchases 24,241 Shares of Invitation Home $INVH

Allstate Corp lifted its position in Invitation Home (NYSE:INVH) by 178.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,857 shares of the company’s stock after buying an additional 24,241 shares during the period. Allstate Corp’s holdings in Invitation Home were worth $1,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INVH. PGGM Investments grew its stake in Invitation Home by 13.0% during the 3rd quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock worth $166,381,000 after buying an additional 653,539 shares during the last quarter. Aberdeen Group plc raised its stake in Invitation Home by 4.8% in the second quarter. Aberdeen Group plc now owns 1,550,283 shares of the company’s stock valued at $50,849,000 after buying an additional 70,924 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Invitation Home by 5.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,339,473 shares of the company’s stock worth $68,617,000 after acquiring an additional 128,561 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Invitation Home by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock worth $2,084,000 after acquiring an additional 533 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Invitation Home by 220.2% during the second quarter. Sequoia Financial Advisors LLC now owns 21,966 shares of the company’s stock valued at $720,000 after acquiring an additional 15,106 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on INVH. Mizuho reiterated a “neutral” rating and issued a $27.00 target price (down from $30.00) on shares of Invitation Home in a research note on Thursday, January 8th. Citigroup reissued a “market outperform” rating on shares of Invitation Home in a report on Wednesday. Oppenheimer set a $38.00 target price on Invitation Home and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Invitation Home in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods dropped their price target on Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Invitation Home presently has a consensus rating of “Moderate Buy” and an average price target of $34.70.

Invitation Home Price Performance

Shares of NYSE INVH opened at $27.47 on Thursday. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 2.58 and a beta of 0.83. Invitation Home has a 12 month low of $25.29 and a 12 month high of $35.80. The firm’s 50 day simple moving average is $27.38 and its 200-day simple moving average is $29.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Analysts expect 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 was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s dividend payout ratio is currently 126.32%.

Invitation Home Company Profile

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.