Invitation Home $INVH Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in Invitation Home (NYSE:INVH) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,417 shares of the company’s stock after selling 1,873 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Invitation Home were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Lecap Asset Management Ltd. increased its stake in Invitation Home by 174.9% in the 2nd quarter. Lecap Asset Management Ltd. now owns 33,753 shares of the company’s stock worth $1,107,000 after purchasing an additional 21,473 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Invitation Home by 773.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 307,847 shares of the company’s stock worth $10,097,000 after acquiring an additional 272,594 shares during the period. GC Wealth Management RIA LLC boosted its position in Invitation Home by 11.7% during the 2nd quarter. GC Wealth Management RIA LLC now owns 28,627 shares of the company’s stock worth $939,000 after acquiring an additional 3,005 shares during the period. V Square Quantitative Management LLC boosted its position in Invitation Home by 96.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 16,989 shares of the company’s stock worth $557,000 after acquiring an additional 8,356 shares during the period. Finally, Patton Fund Management Inc. acquired a new stake in Invitation Home during the 2nd quarter worth about $214,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

INVH has been the subject of a number of research reports. Scotiabank decreased their price objective 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. Wells Fargo & Company decreased their price objective on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Keefe, Bruyette & Woods decreased their price objective on Invitation Home from $37.00 to $33.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Royal Bank Of Canada decreased their price objective on Invitation Home from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Finally, Evercore ISI decreased their price objective on Invitation Home from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.43.

Invitation Home Stock Down 0.3%

INVH opened at $28.13 on Wednesday. The business has a 50 day moving average price of $30.03 and a 200 day moving average price of $32.15. Invitation Home has a twelve month low of $28.03 and a twelve month high of $35.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market cap of $17.24 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.82 and a beta of 0.81.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The firm had revenue of $681.40 million during the quarter, compared to analyst estimates of $675.01 million. During the same period in the previous year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. 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 will be paid on Friday, October 17th. Investors of record on Thursday, September 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, September 25th. Invitation Home’s payout ratio is 131.82%.

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.