Invitation Home $INVH Stock Holdings Increased by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. raised its position in shares of Invitation Home (NYSE:INVH) by 17.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 62,877 shares of the company’s stock after purchasing an additional 9,295 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Invitation Home were worth $2,062,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in INVH. Harbor Capital Advisors Inc. bought a new stake in shares of Invitation Home in the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC boosted its holdings in Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after purchasing an additional 854 shares during the period. GKV Capital Management Co. Inc. bought a new stake in Invitation Home during the first quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Invitation Home during the first quarter worth $40,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Invitation Home by 49.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock worth $42,000 after buying an additional 421 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INVH. Barclays lowered their price objective on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Keefe, Bruyette & Woods lowered their target price on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday. Scotiabank dropped their price target 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. Evercore ISI reduced their price objective on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Finally, Wells Fargo & Company dropped their target price on 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. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.47.

Invitation Home Stock Performance

Shares of NYSE INVH opened at $28.03 on Friday. Invitation Home has a 12-month low of $27.38 and a 12-month high of $35.80. The company has a market cap of $17.18 billion, a PE ratio of 29.50, a P/E/G ratio of 2.78 and a beta of 0.81. The stock has a 50 day simple moving average of $29.03 and a 200-day simple moving average of $31.39. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last announced its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The firm had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. During the same quarter in the previous year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, equities research analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.16 annualized dividend and a yield of 4.1%. Invitation Home’s dividend payout ratio is presently 122.11%.

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.