Invitation Home $INVH Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its position in Invitation Home (NYSE:INVH) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,500 shares of the company’s stock after purchasing an additional 9,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Invitation Home were worth $7,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pallas Capital Advisors LLC acquired a new stake in shares of Invitation Home in the 2nd quarter valued at $432,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Invitation Home by 2.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company’s stock valued at $199,732,000 after purchasing an additional 134,012 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Invitation Home by 9.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company’s stock worth $520,000 after acquiring an additional 1,268 shares in the last quarter. Jump Financial LLC acquired a new stake in Invitation Home during the 1st quarter worth $329,000. Finally, Robeco Schweiz AG raised its stake in Invitation Home by 42.7% during the 1st quarter. Robeco Schweiz AG now owns 344,000 shares of the company’s stock worth $11,988,000 after acquiring an additional 103,000 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on INVH. Barclays cut their price target on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company cut their price target on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Keefe, Bruyette & Woods cut their price target on shares of Invitation Home from $37.00 to $33.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Evercore ISI cut their price target on shares of Invitation Home from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Finally, Royal Bank Of Canada cut their price target on shares of Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.43.

Invitation Home Trading Down 0.6%

Shares of Invitation Home stock opened at $28.00 on Friday. Invitation Home has a 1 year low of $27.96 and a 1 year high of $35.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market capitalization of $17.16 billion, a P/E ratio of 31.82, a PEG ratio of 2.82 and a beta of 0.81. The company’s fifty day moving average is $29.92 and its two-hundred day moving average is $32.08.

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

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. Invitation Home’s payout ratio is presently 131.82%.

Invitation Home Company 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.