First Trust Advisors LP Trims Position in Invitation Home $INVH

First Trust Advisors LP trimmed its holdings in shares of Invitation Home (NYSE:INVH) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,365,927 shares of the company’s stock after selling 94,711 shares during the period. First Trust Advisors LP owned approximately 0.22% of Invitation Home worth $40,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INVH. CIBC Asset Management Inc grew its position in Invitation Home by 446.4% during the 3rd quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock worth $13,277,000 after purchasing an additional 369,831 shares during the period. PGGM Investments lifted its holdings in shares of Invitation Home by 13.0% in the 3rd quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock valued at $166,381,000 after buying an additional 653,539 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of 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 buying an additional 128,561 shares during the last quarter. NEOS Investment Management LLC grew its holdings in Invitation Home by 67.6% during the third quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock worth $3,802,000 after acquiring an additional 52,296 shares during the period. Finally, Strs Ohio grew its holdings in Invitation Home by 12.1% during the third quarter. Strs Ohio now owns 983,834 shares of the company’s stock worth $28,856,000 after acquiring an additional 106,271 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Down 0.5%

Shares of INVH opened at $25.10 on Friday. 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 has a 12 month low of $24.96 and a 12 month high of $35.80. The stock’s 50 day moving average is $26.57 and its two-hundred day moving average is $27.85. The firm has a market cap of $15.29 billion, a P/E ratio of 26.14, a PEG ratio of 2.69 and a beta of 0.83.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Oppenheimer decreased their price target on Invitation Home from $38.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Raymond James Financial reaffirmed a “market perform” rating on shares of Invitation Home in a research note on Friday, February 27th. Royal Bank Of Canada cut their target price on shares of Invitation Home from $30.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. Wells Fargo & Company lowered their price target on shares of Invitation Home from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. dropped their price target 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. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Invitation Home has an average rating of “Moderate Buy” and a consensus target price of $32.94.

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.