Ontario Teachers Pension Plan Board Acquires Shares of 77,215 Invitation Home $INVH

Ontario Teachers Pension Plan Board bought a new stake in Invitation Home (NYSE:INVH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 77,215 shares of the company’s stock, valued at approximately $2,533,000.

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

Invitation Home Stock Performance

Shares of INVH opened at $28.38 on Friday. 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 has a 12 month low of $27.38 and a 12 month high of $35.80. The company’s fifty day moving average is $28.83 and its 200-day moving average is $31.18. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.93 and a beta of 0.81.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $679.41 million. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Equities analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Thursday, September 25th. Invitation Home’s payout ratio is presently 122.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Evercore ISI lowered their price target on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada cut their price objective on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Scotiabank decreased their target price on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. Finally, Wells Fargo & Company reduced their price objective on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Monday, October 13th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.15.

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.