Bank of New York Mellon Corp Has $114.17 Million Stock Position in Invitation Home $INVH

Bank of New York Mellon Corp lowered its stake in shares of Invitation Home (NYSE:INVH) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,480,781 shares of the company’s stock after selling 34,992 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invitation Home were worth $114,170,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pallas Capital Advisors LLC acquired a new stake in Invitation Home in the 2nd quarter worth $432,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of 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 valued at $199,732,000 after buying an additional 134,012 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Invitation Home by 0.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock valued at $2,084,000 after buying an additional 533 shares during the period. Jump Financial LLC acquired a new stake in Invitation Home during the first quarter worth about $329,000. Finally, Sequoia Financial Advisors LLC increased its stake in Invitation Home by 220.2% during the second quarter. Sequoia Financial Advisors LLC now owns 21,966 shares of the company’s stock valued at $720,000 after acquiring an additional 15,106 shares during the period. 96.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on INVH shares. Evercore ISI cut their price target on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Oppenheimer set a $38.00 target price on Invitation Home and gave the company an “outperform” rating in a research note on Tuesday. Scotiabank reduced their target price on Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a research report on Thursday, August 28th. JPMorgan Chase & Co. raised shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a report on Friday, October 17th. Finally, Wells Fargo & Company dropped their price objective on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Invitation Home has a consensus rating of “Moderate Buy” and an average target price of $35.47.

Invitation Home Price Performance

Shares of INVH stock opened at $28.03 on Friday. The stock’s fifty day simple moving average is $29.03 and its 200 day simple moving average is $31.39. 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 firm has a market cap of $17.18 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 2.78 and a beta of 0.81. Invitation Home has a one year low of $27.38 and a one year high of $35.80.

Invitation Home (NYSE:INVH) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $688.17 million during the quarter, compared to analyst estimates of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were given a dividend of $0.29 per share. The ex-dividend date was 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 (DPR) is 122.11%.

Invitation Home Profile

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.