Ethic Inc. Acquires 9,093 Shares of Invitation Home $INVH

Ethic Inc. boosted its holdings in shares of Invitation Home (NYSE:INVH) by 31.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,571 shares of the company’s stock after purchasing an additional 9,093 shares during the quarter. Ethic Inc.’s holdings in Invitation Home were worth $1,229,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Invitation Home during the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC boosted its stake in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after purchasing an additional 854 shares during the period. GKV Capital Management Co. Inc. bought a new stake in Invitation Home during the 1st quarter valued at approximately $37,000. Zions Bancorporation National Association UT bought a new stake in Invitation Home during the 1st quarter valued at approximately $40,000. Finally, North Capital Inc. bought a new stake in Invitation Home during the 1st quarter valued at approximately $41,000. Institutional investors own 96.79% of the company’s stock.

Invitation Home Price Performance

Invitation Home stock opened at $28.87 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market capitalization of $17.70 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 2.89 and a beta of 0.81. Invitation Home has a one year low of $27.71 and a one year high of $35.80. The business has a 50 day simple moving average of $29.54 and a 200 day simple moving average of $31.70.

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

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio (DPR) is 131.82%.

Analyst Upgrades and Downgrades

INVH has been the subject of several recent analyst reports. Mizuho decreased their target price on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Wells Fargo & Company cut their price target on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday, October 13th. JPMorgan Chase & Co. raised Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target for the company in a report on Friday, October 17th. Scotiabank cut their price target on Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a report on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invitation Home in a report on Saturday. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Invitation Home has an average rating of “Moderate Buy” and a consensus price target of $35.97.

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.