SG Americas Securities LLC Buys 87,692 Shares of Invitation Home $INVH

SG Americas Securities LLC raised its stake in shares of Invitation Home (NYSE:INVH) by 86.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 189,479 shares of the company’s stock after purchasing an additional 87,692 shares during the period. SG Americas Securities LLC’s holdings in Invitation Home were worth $5,557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of INVH. Park Avenue Securities LLC lifted its position in shares of Invitation Home by 12.0% during the 3rd quarter. Park Avenue Securities LLC now owns 13,054 shares of the company’s stock valued at $383,000 after buying an additional 1,398 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Invitation Home by 32.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 408,013 shares of the company’s stock worth $11,967,000 after acquiring an additional 100,166 shares during the period. Mather Group LLC. purchased a new position in Invitation Home during the third quarter valued at approximately $42,000. Vanderbilt University lifted its holdings in Invitation Home by 46.6% during the third quarter. Vanderbilt University now owns 100,296 shares of the company’s stock valued at $2,942,000 after purchasing an additional 31,866 shares in the last quarter. Finally, Carnegie Lake Advisors LLC boosted its position in shares of Invitation Home by 1.2% in the third quarter. Carnegie Lake Advisors LLC now owns 33,776 shares of the company’s stock worth $991,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INVH. Wells Fargo & Company decreased their price objective 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. Royal Bank Of Canada decreased their price target on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 price objective on Invitation Home and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods cut their target price on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. lowered their price target on Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.53.

Invitation Home Trading Down 0.6%

Shares of Invitation Home stock opened at $26.49 on Friday. Invitation Home has a twelve month low of $25.29 and a twelve month high of $35.80. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $27.58 and a 200-day moving average price of $29.38. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.50 and a beta of 0.83.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates 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 period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Equities research analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, December 23rd will be given a $0.30 dividend. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, December 23rd. Invitation Home’s dividend payout ratio (DPR) is presently 126.32%.

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.