Invitation Home $INVH Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in Invitation Home (NYSE:INVH) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,339,473 shares of the company’s stock after purchasing an additional 128,561 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Invitation Home were worth $68,617,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of INVH. AQR Capital Management LLC boosted its stake in shares of Invitation Home by 67.4% in the 1st quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock valued at $2,589,000 after buying an additional 29,962 shares during the period. Empowered Funds LLC raised its holdings in Invitation Home by 10.7% in the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after acquiring an additional 1,290 shares in the last quarter. Focus Partners Wealth lifted its stake in Invitation Home by 3.4% in the first quarter. Focus Partners Wealth now owns 53,806 shares of the company’s stock worth $1,875,000 after acquiring an additional 1,782 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Invitation Home by 66.2% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,335 shares of the company’s stock worth $142,000 after acquiring an additional 1,727 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Invitation Home by 49.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock worth $42,000 after acquiring an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH stock opened at $26.76 on Thursday. The stock’s 50-day moving average is $27.46 and its two-hundred day moving average is $29.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. Invitation Home has a 1 year low of $25.29 and a 1 year high of $35.80. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.47 and a beta of 0.83.

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

Invitation Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s dividend payout ratio is presently 126.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INVH shares. Royal Bank Of Canada decreased their price objective on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Morgan Stanley cut their price target on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Evercore ISI lowered their price objective on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Bank of America dropped their price objective on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, UBS Group set a $28.00 target price on Invitation Home in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.84.

Invitation Home Company 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.