Resona Asset Management Co. Ltd. Has $10.55 Million Position in Invitation Home $INVH

Resona Asset Management Co. Ltd. decreased its position in shares of Invitation Home (NYSE:INVH) by 5.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 322,156 shares of the company’s stock after selling 18,452 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Invitation Home were worth $10,548,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Invitation Home during the second quarter valued at approximately $30,000. Larson Financial Group LLC boosted its holdings in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after purchasing an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Invitation Home in the 1st quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new position in shares of Invitation Home during the 1st quarter worth $40,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Invitation Home by 49.5% during 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. 96.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INVH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 target price on the stock in a research report on Friday, October 17th. Mizuho lowered their price objective on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Royal Bank Of Canada dropped their price objective on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their price target on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.47.

Invitation Home Stock Up 0.8%

Shares of NYSE INVH opened at $28.03 on Friday. The company has a 50 day simple moving average of $29.03 and a 200 day simple moving average of $31.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. Invitation Home has a 1 year low of $27.38 and a 1 year high of $35.80. The firm has a market cap of $17.18 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81.

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

Invitation Home Dividend Announcement

The business 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. 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 (DPR) is currently 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.