Bank of Nova Scotia Makes New Investment in Invitation Home $INVH

Bank of Nova Scotia acquired a new stake in Invitation Home (NYSE:INVH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 67,355 shares of the company’s stock, valued at approximately $2,035,000.

A number of other institutional investors have also made changes to their positions in the business. Clearstead Trust LLC bought a new position in Invitation Home in the second quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its position in Invitation Home by 136,000.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock worth $40,000 after buying an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in shares of Invitation Home during the 4th quarter worth about $42,000. AdvisorNet Financial Inc grew its holdings in shares of Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after acquiring an additional 1,845 shares in the last quarter. Finally, Essential Partners LLC grew its holdings in shares of Invitation Home by 353.7% in the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock valued at $47,000 after acquiring an additional 1,468 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on INVH shares. Royal Bank Of Canada upped their target price on Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a report on Wednesday, July 22nd. BMO Capital Markets increased their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Evercore reiterated an “outperform” rating and set a $32.00 price objective on shares of Invitation Home in a research report on Friday, May 1st. Finally, Mizuho raised their price target on shares of Invitation Home from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $32.53.

Invitation Home Stock Performance

NYSE:INVH opened at $29.95 on Thursday. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 4.32 and a beta of 0.83. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $31.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a fifty day moving average price of $29.93 and a 200-day moving average price of $28.11.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.34. The company had revenue of $747.55 million for the quarter, compared to analysts’ expectations of $731.13 million. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.Invitation Home’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, equities analysts anticipate that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio is 110.09%.

Invitation Home Company Profile

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.