27,211 Shares in Invitation Home $INVH Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. acquired a new position in Invitation Home (NYSE:INVH) during the third quarter, HoldingsChannel reports. The institutional investor acquired 27,211 shares of the company’s stock, valued at approximately $716,000.

A number of other large investors have also added to or reduced their stakes in INVH. Jupiter Topco LLC purchased a new position in shares of Invitation Home in the 2nd quarter worth approximately $4,243,000. Paralel Advisors LLC increased its stake in Invitation Home by 218.2% in the 2nd quarter. Paralel Advisors LLC now owns 65,628 shares of the company’s stock worth $1,983,000 after buying an additional 45,000 shares during the period. Junto Capital Management LP bought a new stake in shares of Invitation Home during the second quarter valued at approximately $59,101,000. Bank of America Corp DE bought a new position in shares of Invitation Home during the 2nd quarter worth $75,411,000. Finally, BlackRock Inc. bought a new stake in shares of Invitation Home in the 2nd quarter valued at about $1,866,973,000. Institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Up 1.0%

INVH stock opened at $27.07 on Friday. The stock has a market capitalization of $15.99 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 3.99 and a beta of 0.82. Invitation Home has a 52 week low of $24.25 and a 52 week high of $30.89. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $28.02 and a 200 day moving average of $28.47.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.17 by $0.34. The business had revenue of $747.55 million during the quarter, compared to the consensus estimate of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Sell-side analysts forecast that Invitation Home will post 1.90 earnings per share for the current year.

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 24th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. Invitation Home’s dividend payout ratio is currently 110.09%.

Analyst Upgrades and Downgrades

INVH has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Invitation Home from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Scotiabank reduced their target price on shares of Invitation Home from $30.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday, September 17th. Compass Point raised shares of Invitation Home to a “hold” rating in a research report on Thursday, July 9th. Oppenheimer raised their price target on shares of Invitation Home from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.15.

About Invitation Home

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing, offering residents access to detached homes with services that generally include leasing, property management, maintenance and resident support.

Invitation Homes serves communities across a broad group of U.S. markets, with a significant presence in the Sun Belt and other high-growth metropolitan areas.