Inspire Investing LLC Raises Stake in Invitation Home $INVH

Inspire Investing LLC raised its stake in Invitation Home (NYSE:INVH) by 8.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 67,683 shares of the company’s stock after purchasing an additional 5,283 shares during the quarter. Inspire Investing LLC’s holdings in Invitation Home were worth $2,220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Pallas Capital Advisors LLC purchased a new stake in shares of Invitation Home during the second quarter valued at $432,000. Cbre Investment Management Listed Real Assets LLC boosted its position in Invitation Home by 2.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company’s stock worth $199,732,000 after purchasing an additional 134,012 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Invitation Home by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company’s stock worth $520,000 after purchasing an additional 1,268 shares during the last quarter. Jump Financial LLC bought a new position in shares of Invitation Home in the first quarter worth about $329,000. Finally, Robeco Schweiz AG raised its stake in Invitation Home by 42.7% during the 1st quarter. Robeco Schweiz AG now owns 344,000 shares of the company’s stock valued at $11,988,000 after purchasing an additional 103,000 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on INVH shares. Wells Fargo & Company dropped their target price on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday. Keefe, Bruyette & Woods reduced their price target on Invitation Home from $37.00 to $33.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Evercore ISI reduced their price target on Invitation Home from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Finally, Scotiabank reduced their target price on Invitation Home from $38.00 to $36.00 and set a “sector performer” rating on the stock in a research report on Thursday, August 28th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Invitation Home currently has an average rating of “Moderate Buy” and an average price target of $36.43.

Invitation Home Stock Down 0.1%

Invitation Home stock opened at $27.96 on Friday. Invitation Home has a fifty-two week low of $27.71 and a fifty-two week high of $35.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $17.14 billion, a PE ratio of 31.77, a PEG ratio of 2.80 and a beta of 0.81. The business’s 50-day simple moving average is $29.87 and its two-hundred day simple moving average is $32.04.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Equities analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio is presently 131.82%.

About Invitation Home

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.