CI Investments Inc. Sells 80,892 Shares of Invitation Home $INVH

CI Investments Inc. lessened its position in Invitation Home (NYSE:INVH) by 29.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 198,187 shares of the company’s stock after selling 80,892 shares during the quarter. CI Investments Inc.’s holdings in Invitation Home were worth $5,813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in Invitation Home by 1,695.2% in the third quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after purchasing an additional 1,068 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Invitation Home by 59.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $36,000 after buying an additional 466 shares during the period. Mather Group LLC. bought a new position in shares of Invitation Home in the 3rd quarter worth about $42,000. CYBER HORNET ETFs LLC purchased a new position in Invitation Home during the 2nd quarter valued at about $49,000. Finally, MUFG Securities EMEA plc bought a new stake in Invitation Home during the second quarter worth about $55,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Stock Performance

Shares of INVH opened at $26.83 on Thursday. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 2.84 and a beta of 0.83. The business’s fifty day simple moving average is $26.80 and its two-hundred day simple moving average is $28.03. Invitation Home has a 12 month low of $25.21 and a 12 month high of $35.80. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). Invitation Home had a net margin of 21.53% and a return on equity of 6.24%. The business had revenue of $685.25 million for the quarter, compared to the consensus estimate of $683.00 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Research analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were paid a $0.30 dividend. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, December 23rd. Invitation Home’s dividend payout ratio (DPR) is presently 125.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on INVH shares. Barclays reaffirmed an “overweight” rating and set a $33.00 target price on shares of Invitation Home in a research note on Tuesday, January 13th. Bank of America reduced their price objective 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. Citigroup dropped their target price on Invitation Home from $36.50 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered their price target 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 research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Invitation Home presently has a consensus rating of “Moderate Buy” and an average target price of $33.29.

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.