First Trust Advisors LP Raises Stock Holdings in Invitation Home $INVH

First Trust Advisors LP boosted its stake in Invitation Home (NYSE:INVH) by 1,556.8% during the second quarter, HoldingsChannel reports. The firm owned 1,460,638 shares of the company’s stock after buying an additional 1,372,478 shares during the period. First Trust Advisors LP’s holdings in Invitation Home were worth $47,909,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Pallas Capital Advisors LLC bought a new position in Invitation Home in the second quarter valued at $432,000. Aberdeen Group plc boosted its holdings in shares of Invitation Home by 4.8% in the 2nd quarter. Aberdeen Group plc now owns 1,550,283 shares of the company’s stock worth $50,849,000 after purchasing an additional 70,924 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Invitation Home by 2.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company’s stock valued at $199,732,000 after purchasing an additional 134,012 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Invitation Home by 0.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock valued at $2,084,000 after purchasing an additional 533 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Invitation Home during the 1st quarter valued at about $329,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Price Performance

Shares of Invitation Home stock opened at $26.65 on Tuesday. The company’s fifty day simple moving average is $28.22 and its two-hundred day simple moving average is $30.41. Invitation Home has a 12-month low of $26.64 and a 12-month high of $35.80. The firm has a market cap of $16.34 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 2.67 and a beta of 0.83. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $688.17 million during the quarter, compared to analyst estimates of $679.41 million. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. Invitation Home’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were issued a $0.29 dividend. The ex-dividend date was Thursday, September 25th. This represents a $1.16 annualized dividend and a yield of 4.4%. Invitation Home’s dividend payout ratio (DPR) is 122.11%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Evercore ISI cut their target price on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Wells Fargo & Company cut their price objective on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 13th. Oppenheimer set a $38.00 target price on shares of Invitation Home and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Morgan Stanley cut their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Invitation Home presently has a consensus rating of “Moderate Buy” and an average target price of $34.91.

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.