Invitation Home $INVH Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Invitation Home (NYSE:INVH) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,994,475 shares of the company’s stock after selling 20,729 shares during the quarter. Bank of New York Mellon Corp owned 0.50% of Invitation Home worth $74,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of INVH. Sequoia Financial Advisors LLC boosted its holdings in shares of Invitation Home by 2.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,257 shares of the company’s stock valued at $563,000 after acquiring an additional 484 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Invitation Home by 0.7% during the fourth quarter. LPL Financial LLC now owns 73,676 shares of the company’s stock worth $2,047,000 after purchasing an additional 503 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Invitation Home by 5.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,575 shares of the company’s stock worth $294,000 after purchasing an additional 516 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invitation Home by 21.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,171 shares of the company’s stock worth $93,000 after purchasing an additional 564 shares during the last quarter. Finally, SCS Capital Management LLC lifted its position in Invitation Home by 3.4% during the fourth quarter. SCS Capital Management LLC now owns 17,908 shares of the company’s stock valued at $498,000 after purchasing an additional 582 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on INVH shares. Evercore reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Invitation Home in a report on Friday, May 1st. Barclays lifted their price objective on Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Mizuho boosted their price objective on Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Scotiabank upped their target price on Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Finally, Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $33.00 in a research note on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Invitation Home currently has an average rating of “Hold” and an average price target of $32.47.

Invitation Home Stock Performance

INVH opened at $29.83 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a fifty day moving average price of $29.47 and a 200 day moving average price of $27.54. Invitation Home has a 1 year low of $24.25 and a 1 year high of $32.67. The stock has a market cap of $17.72 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.53 and a beta of 0.84.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $579.00 million for the quarter, compared to the consensus estimate of $689.91 million. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts anticipate that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is 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.