Shell Asset Management Co. Increases Stock Holdings in Invitation Home $INVH

Shell Asset Management Co. lifted its position in Invitation Home (NYSE:INVH) by 118.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,334 shares of the company’s stock after buying an additional 37,550 shares during the quarter. Shell Asset Management Co.’s holdings in Invitation Home were worth $2,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of INVH. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Invitation Home by 1,019.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock worth $214,415,000 after buying an additional 5,603,077 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Invitation Home in the first quarter worth about $148,870,000. Woodline Partners LP raised its stake in Invitation Home by 4,762.6% in the first quarter. Woodline Partners LP now owns 1,656,651 shares of the company’s stock valued at $57,734,000 after purchasing an additional 1,622,582 shares in the last quarter. Resolution Capital Ltd raised its stake in Invitation Home by 24.6% in the first quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company’s stock valued at $225,000,000 after purchasing an additional 1,273,244 shares in the last quarter. Finally, Aberdeen Group plc raised its stake in Invitation Home by 301.7% in the first quarter. Aberdeen Group plc now owns 1,479,359 shares of the company’s stock valued at $51,563,000 after purchasing an additional 1,111,095 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Home Trading Up 0.1%

INVH stock opened at $28.18 on Thursday. The company has a market capitalization of $17.27 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81. Invitation Home has a one year low of $27.96 and a one year high of $35.80. The company’s 50 day moving average price is $29.97 and its two-hundred day moving average price is $32.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be issued a $0.29 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is currently 131.82%.

Wall Street Analyst Weigh In

INVH has been the topic of a number of recent analyst reports. Scotiabank lowered their target price on shares of Invitation Home from $38.00 to $36.00 and set a “sector performer” rating on the stock in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday. Evercore ISI lowered their target price on shares of Invitation Home from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Keefe, Bruyette & Woods lowered their target price on shares of Invitation Home from $37.00 to $33.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada lowered their target price on shares of Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.43.

Invitation Home Company 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.