American Century Companies Inc. Acquires 10,418 Shares of Invitation Home $INVH

American Century Companies Inc. lifted its stake in shares of Invitation Home (NYSE:INVH) by 0.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,380,833 shares of the company’s stock after acquiring an additional 10,418 shares during the period. American Century Companies Inc.’s holdings in Invitation Home were worth $45,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Invitation Home during the second quarter valued at about $30,000. GKV Capital Management Co. Inc. acquired a new position in Invitation Home during the 1st quarter worth approximately $37,000. Zions Bancorporation National Association UT bought a new position in Invitation Home in the first quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB grew its stake in Invitation Home by 49.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock valued at $42,000 after acquiring an additional 421 shares during the period. Finally, IFP Advisors Inc grew its stake in Invitation Home by 3,219.5% in the second quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after acquiring an additional 1,320 shares during the period. 96.79% of the stock is owned by institutional investors.

Invitation Home Price Performance

Invitation Home stock opened at $28.20 on Friday. The business’s 50 day simple moving average is $28.44 and its 200 day simple moving average is $30.73. Invitation Home has a 12 month low of $27.32 and a 12 month high of $35.80. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.75 and a beta of 0.81. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $688.17 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Sell-side 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. Shareholders of record on Thursday, September 25th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s payout ratio is presently 122.11%.

Analysts Set New Price Targets

Several research firms have weighed in on INVH. Bank of America lowered their price objective on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Oppenheimer set a $38.00 target price on shares of Invitation Home and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Wells Fargo & Company dropped their price target on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Monday, October 13th. Evercore ISI decreased their price objective on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Finally, Barclays lowered their price objective on Invitation Home from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.91.

Invitation Home 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.