Chevy Chase Trust Holdings LLC Has $9.88 Million Position in Invitation Home $INVH

Chevy Chase Trust Holdings LLC boosted its position in shares of Invitation Home (NYSE:INVH) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 301,094 shares of the company’s stock after purchasing an additional 2,302 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Invitation Home were worth $9,876,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of INVH. Harbor Capital Advisors Inc. bought a new position in Invitation Home in the second quarter valued at approximately $30,000. Larson Financial Group LLC lifted its stake in Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after buying an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in Invitation Home in the first quarter valued at approximately $37,000. Zions Bancorporation National Association UT bought a new position in Invitation Home in the first quarter valued at approximately $40,000. Finally, North Capital Inc. bought a new position in Invitation Home in the first quarter valued at approximately $41,000. Institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

NYSE INVH opened at $28.51 on Monday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $29.69 and its two-hundred day moving average price is $31.79. Invitation Home has a 1 year low of $27.71 and a 1 year high of $35.80. The firm has a market capitalization of $17.48 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 2.85 and a beta of 0.81.

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

Invitation Home Dividend Announcement

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

Analyst Upgrades and Downgrades

INVH has been the topic of a number of research reports. Scotiabank cut their price target on shares of Invitation Home from $38.00 to $36.00 and set a “sector performer” rating on the stock in a research note on Thursday, August 28th. Wells Fargo & Company cut their price objective on shares of 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. Royal Bank Of Canada cut their price objective on shares of Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price objective on the stock in a research report on Friday. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.34.

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.