Allstate Corp Buys 178,722 Shares of Invitation Home $INVH

Allstate Corp increased its holdings in shares of Invitation Home (NYSE:INVH) by 472.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 216,579 shares of the company’s stock after purchasing an additional 178,722 shares during the period. Allstate Corp’s holdings in Invitation Home were worth $6,019,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of INVH. CIBC Asset Management Inc boosted its holdings in shares of Invitation Home by 446.4% during the third quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock worth $13,277,000 after acquiring an additional 369,831 shares during the period. Aurora Investment Managers LLC. bought a new stake in shares of Invitation Home during the fourth quarter worth approximately $2,740,000. NEOS Investment Management LLC boosted its holdings in shares of Invitation Home by 67.6% during the third quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock worth $3,802,000 after acquiring an additional 52,296 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in shares of Invitation Home by 189.8% during the third quarter. Swiss Life Asset Management Ltd now owns 138,276 shares of the company’s stock worth $4,056,000 after acquiring an additional 90,554 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Invitation Home during the third quarter worth approximately $1,549,000. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

INVH has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price target on shares of Invitation Home from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Morgan Stanley dropped their price target on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, March 9th. Wall Street Zen upgraded shares of Invitation Home from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Oppenheimer dropped their price target on shares of Invitation Home from $38.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, UBS Group dropped their price target on shares of Invitation Home from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Nine equities research 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.com, Invitation Home has a consensus rating of “Moderate Buy” and a consensus price target of $31.59.

Invitation Home Stock Up 0.3%

Shares of NYSE:INVH opened at $29.39 on Wednesday. The company has a fifty day moving average of $26.88 and a 200-day moving average of $26.96. The company has a market capitalization of $17.46 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 3.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52-week low of $24.25 and a 52-week high of $34.25.

Invitation Home (NYSE:INVH) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The company had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $689.92 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Invitation Home’s revenue for the quarter was up 8.8% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts predict that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, March 26th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio is currently 126.32%.

About Invitation Home

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.