Elo Mutual Pension Insurance Co Acquires 2,273 Shares of Invitation Home $INVH

Elo Mutual Pension Insurance Co raised its holdings in Invitation Home (NYSE:INVH) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,818 shares of the company’s stock after acquiring an additional 2,273 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Invitation Home were worth $2,487,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Avantax Advisory Services Inc. lifted its stake in shares of Invitation Home by 2.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 52,315 shares of the company’s stock valued at $1,823,000 after purchasing an additional 1,347 shares during the last quarter. TD Asset Management Inc raised its holdings in Invitation Home by 1.0% during the first quarter. TD Asset Management Inc now owns 211,161 shares of the company’s stock valued at $7,359,000 after buying an additional 2,069 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Invitation Home in the first quarter worth about $208,000. LPL Financial LLC boosted its stake in shares of Invitation Home by 78.7% during the 1st quarter. LPL Financial LLC now owns 137,605 shares of the company’s stock worth $4,796,000 after acquiring an additional 60,604 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Invitation Home by 9.1% during the 1st quarter. Mackenzie Financial Corp now owns 106,893 shares of the company’s stock valued at $3,725,000 after acquiring an additional 8,899 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Trading Down 0.3%

Shares of Invitation Home stock opened at $27.95 on Thursday. Invitation Home has a 1 year low of $27.32 and a 1 year high of $35.80. The company’s fifty day simple moving average is $28.50 and its 200-day simple moving average is $30.79. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.76 and a beta of 0.81. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last released its 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 business had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. During the same period last year, the business earned $0.47 earnings per share. The firm’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. As a group, sell-side analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors 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 4.2%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio is presently 122.11%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on INVH shares. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a report on Wednesday, October 8th. Oppenheimer set a $38.00 price objective on shares of Invitation Home and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Evercore ISI decreased their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Mizuho dropped their target price on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.91.

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.