Canada Pension Plan Investment Board Takes Position in Invitation Home $INVH

Canada Pension Plan Investment Board purchased a new stake in Invitation Home (NYSE:INVH) during the second quarter, according to its most recent filing with the SEC. The firm purchased 280,210 shares of the company’s stock, valued at approximately $8,465,000.

A number of other institutional investors have also recently bought and sold shares of INVH. BlackRock Inc. acquired a new stake in Invitation Home in the second quarter worth $1,866,973,000. Norges Bank bought a new position in Invitation Home during the fourth quarter worth about $1,438,952,000. State Street Corp grew its stake in Invitation Home by 1.3% in the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after acquiring an additional 462,379 shares during the period. Geode Capital Management LLC grew its stake in Invitation Home by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after acquiring an additional 203,474 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Invitation Home by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after acquiring an additional 1,168,113 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of Invitation Home stock opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 4.17 and a beta of 0.83. The stock’s 50-day moving average is $29.96 and its 200-day moving average is $28.14. Invitation Home has a one year low of $24.25 and a one year high of $31.33.

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

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is 110.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on INVH shares. Raymond James Financial raised Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, May 18th. Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $31.00 to $33.00 in a research report on Wednesday, June 24th. Mizuho increased their target price on Invitation Home from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. raised their target price on shares of Invitation Home from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Finally, Citigroup reaffirmed a “buy” rating on shares of Invitation Home in a research note on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.53.

Invitation Home 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.