Invitation Home $INVH Shares Acquired by PGGM Investments

PGGM Investments lifted its holdings in Invitation Home (NYSE:INVH) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,672,720 shares of the company’s stock after buying an additional 653,539 shares during the quarter. Invitation Home accounts for 2.7% of PGGM Investments’ portfolio, making the stock its 8th biggest holding. PGGM Investments owned 0.93% of Invitation Home worth $166,381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INVH. Vanguard Group Inc. lifted its holdings in Invitation Home by 0.8% in the second quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock valued at $3,116,862,000 after acquiring an additional 719,365 shares during the period. Norges Bank acquired a new position in shares of Invitation Home during the 2nd quarter worth $1,693,992,000. State Street Corp increased its holdings in shares of Invitation Home by 1.3% in the 2nd quarter. State Street Corp now owns 36,159,024 shares of the company’s stock valued at $1,196,334,000 after purchasing an additional 460,747 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Invitation Home by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 15,855,732 shares of the company’s stock valued at $518,018,000 after purchasing an additional 309,953 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Invitation Home by 4.0% in the second quarter. Daiwa Securities Group Inc. now owns 13,319,490 shares of the company’s stock valued at $436,880,000 after purchasing an additional 514,100 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays restated an “overweight” rating and set a $33.00 target price on shares of Invitation Home in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 18th. Bank of America lowered their price target on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. UBS Group set a $28.00 price objective on Invitation Home in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price objective 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. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $33.84.

Invitation Home Price Performance

INVH stock opened at $27.05 on Friday. The stock’s 50 day moving average price is $27.45 and its 200 day moving average price is $29.23. The firm has a market cap of $16.58 billion, a P/E ratio of 28.47, a PEG ratio of 2.53 and a beta of 0.83. 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.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting 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 analysts’ expectations of $679.41 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd will be issued a $0.30 dividend. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, December 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. Invitation Home’s 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.