Invitation Home $INVH Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its stake in Invitation Home (NYSE:INVHFree Report) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 342,599 shares of the company’s stock after purchasing an additional 17,797 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Invitation Home were worth $8,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Invitation Home in the fourth quarter worth $1,438,952,000. UBS Group AG boosted its holdings in shares of Invitation Home by 101.4% during the third quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after acquiring an additional 2,505,909 shares during the period. Amundi boosted its holdings in shares of Invitation Home by 169.0% during the third quarter. Amundi now owns 3,296,876 shares of the company’s stock valued at $93,038,000 after acquiring an additional 2,071,407 shares during the period. BNP Paribas Financial Markets grew its position in shares of Invitation Home by 79.6% during the fourth quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock worth $125,737,000 after acquiring an additional 2,004,728 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Invitation Home by 53.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock worth $149,441,000 after acquiring an additional 1,884,188 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Price Performance

Shares of INVH stock traded up $0.25 during midday trading on Friday, reaching $29.62. 2,964,155 shares of the company were exchanged, compared to its average volume of 5,614,177. Invitation Home has a 12 month low of $24.25 and a 12 month high of $32.67. The company has a market cap of $17.60 billion, a P/E ratio of 31.18, a PEG ratio of 3.47 and a beta of 0.84. The company’s 50 day moving average price is $29.28 and its two-hundred day moving average price is $27.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home (NYSE:INVHGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The business had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $689.91 million. During the same period last year, the firm posted $0.48 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts expect that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is presently 126.32%.

Analysts Set New Price Targets

Several analysts recently weighed in on INVH shares. Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a research report on Friday, June 26th. UBS Group upped their target price on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday. Compass Point upgraded shares of Invitation Home to a “hold” rating in a research note on Thursday. Barclays raised their price target on shares of Invitation Home from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Keefe, Bruyette & Woods lifted their price target on Invitation Home from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Invitation Home presently has a consensus rating of “Hold” and an average target price of $32.26.

Read Our Latest Research Report on INVH

About Invitation Home

(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.

See Also

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

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