North Dakota State Investment Board Makes New Investment in Invitation Home $INVH

North Dakota State Investment Board purchased a new position in Invitation Home (NYSE:INVHFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,026 shares of the company’s stock, valued at approximately $584,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its position in Invitation Home by 1.3% in the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after acquiring an additional 462,379 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Invitation Home by 8.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after purchasing an additional 1,168,113 shares in the last quarter. Invesco Ltd. increased its stake in Invitation Home by 7.5% in the 3rd quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock worth $370,227,000 after purchasing an additional 877,491 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Invitation Home by 28.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,884,278 shares of the company’s stock worth $201,920,000 after purchasing an additional 1,516,886 shares in the last quarter. Finally, UBS Group AG increased its stake in Invitation Home by 101.4% in the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock worth $145,966,000 after purchasing an additional 2,505,909 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Citigroup dropped their price target on Invitation Home from $36.50 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. UBS Group dropped their price target on Invitation Home from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday. Mizuho dropped their price target on Invitation Home from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Barclays lifted their price target on Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Morgan Stanley dropped their price target on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.59.

Check Out Our Latest Analysis on INVH

Invitation Home Price Performance

Shares of INVH opened at $29.05 on Friday. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 3.43 and a beta of 0.86. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $34.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.02 and a quick ratio of 0.02. The business’s 50-day moving average is $26.62 and its 200-day moving average is $26.94.

Invitation Home (NYSE:INVHGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $689.92 million. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts expect that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, March 26th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio is currently 126.32%.

Invitation Home Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invitation Home (NYSE:INVH)

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