CIBC Asset Management Inc Grows Position in Invitation Home $INVH

CIBC Asset Management Inc raised its stake in shares of Invitation Home (NYSE:INVH) by 446.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 452,675 shares of the company’s stock after acquiring an additional 369,831 shares during the quarter. CIBC Asset Management Inc owned approximately 0.07% of Invitation Home worth $13,277,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Invitation Home during the 2nd quarter worth $1,693,992,000. AQR Capital Management LLC boosted its holdings in Invitation Home by 2,205.3% in the second quarter. AQR Capital Management LLC now owns 1,715,777 shares of the company’s stock worth $56,277,000 after acquiring an additional 1,641,351 shares in the last quarter. First Trust Advisors LP boosted its holdings in Invitation Home by 1,556.8% in the second quarter. First Trust Advisors LP now owns 1,460,638 shares of the company’s stock worth $47,909,000 after acquiring an additional 1,372,478 shares in the last quarter. Invesco Ltd. grew its stake in shares of Invitation Home by 11.9% during the second quarter. Invesco Ltd. now owns 11,745,333 shares of the company’s stock worth $385,247,000 after acquiring an additional 1,247,682 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Invitation Home by 367.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,255,077 shares of the company’s stock valued at $41,167,000 after acquiring an additional 986,452 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Home Price Performance

Shares of INVH stock opened at $26.86 on Tuesday. 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 $16.47 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 2.96 and a beta of 0.83. The firm’s 50-day moving average is $27.30 and its two-hundred day moving average is $28.93. Invitation Home has a 12 month low of $25.29 and a 12 month high of $35.80.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business 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 for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were 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 was Tuesday, December 23rd. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Invitation Home’s dividend payout ratio is 126.32%.

Analysts Set New Price Targets

INVH has been the topic of a number of recent research reports. Barclays reiterated an “overweight” rating and issued a $33.00 target price on shares of Invitation Home in a research report on Tuesday, January 13th. 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 note on Friday, October 31st. Bank of America reduced their target price on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Mizuho reaffirmed a “neutral” rating and issued a $27.00 price target (down from $30.00) on shares of Invitation Home in a report on Thursday, January 8th. Finally, Wells Fargo & Company cut 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. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.70.

Invitation Home 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.