Westpac Banking Corp Sells 10,485 Shares of Invitation Home $INVH

Westpac Banking Corp lowered its stake in shares of Invitation Home (NYSE:INVH) by 7.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 125,557 shares of the company’s stock after selling 10,485 shares during the period. Westpac Banking Corp’s holdings in Invitation Home were worth $4,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of INVH. Vanguard Group Inc. boosted its position in shares of Invitation Home by 0.9% during the first quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company’s stock valued at $3,286,595,000 after buying an additional 829,212 shares during the last quarter. Geode Capital Management LLC lifted its stake in Invitation Home by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 15,855,732 shares of the company’s stock valued at $518,018,000 after acquiring an additional 309,953 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Invitation Home by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company’s stock worth $232,251,000 after acquiring an additional 65,843 shares during the last quarter. Resolution Capital Ltd grew its stake in shares of Invitation Home by 24.6% in the 1st quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company’s stock worth $225,000,000 after acquiring an additional 1,273,244 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Invitation Home by 1,019.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock valued at $214,415,000 after purchasing an additional 5,603,077 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of recent analyst reports. Oppenheimer set a $38.00 price objective on shares of Invitation Home and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target on Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Mizuho decreased their target price on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada lowered their target price on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.15.

Invitation Home Stock Performance

Shares of INVH opened at $28.38 on Friday. Invitation Home has a 1 year low of $27.38 and a 1 year high of $35.80. 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 stock’s fifty day moving average price is $28.83 and its two-hundred day moving average price is $31.18. The firm has a market cap of $17.40 billion, a PE ratio of 29.87, a PEG ratio of 2.93 and a beta of 0.81.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The company had revenue of $688.17 million during the quarter, compared to analyst estimates of $679.41 million. During the same quarter last year, the firm posted $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 Dividend Announcement

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

Invitation Home Company 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.