67,611 Shares in Invitation Home $INVH Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new position in Invitation Home (NYSE:INVH) in the third quarter, Holdings Channel.com reports. The firm purchased 67,611 shares of the company’s stock, valued at approximately $1,983,000.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Invitation Home in the second quarter worth about $1,693,992,000. AQR Capital Management LLC lifted its holdings in Invitation Home by 2,205.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,715,777 shares of the company’s stock worth $56,277,000 after purchasing an additional 1,641,351 shares in the last quarter. First Trust Advisors LP boosted its stake in Invitation Home by 1,556.8% in the 2nd quarter. First Trust Advisors LP now owns 1,460,638 shares of the company’s stock worth $47,909,000 after purchasing an additional 1,372,478 shares during the period. Invesco Ltd. grew its holdings in Invitation Home by 11.9% during the 2nd quarter. Invesco Ltd. now owns 11,745,333 shares of the company’s stock valued at $385,247,000 after buying an additional 1,247,682 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Invitation Home by 367.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,255,077 shares of the company’s stock valued at $41,167,000 after buying an additional 986,452 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays restated an “overweight” rating and set a $33.00 target price on shares of Invitation Home in a research report on Tuesday, January 13th. JPMorgan Chase & Co. dropped their price objective on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Mizuho reaffirmed a “neutral” rating and issued a $27.00 target price (down from $30.00) on shares of Invitation Home in a report on Thursday, January 8th. Scotiabank decreased their target price on Invitation Home from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada dropped their price target on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Invitation Home has a consensus rating of “Moderate Buy” and an average price target of $34.70.

Invitation Home Stock Performance

Invitation Home stock opened at $27.17 on Friday. The company’s 50-day moving average price is $27.33 and its 200-day moving average price is $29.01. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The company has a market cap of $16.65 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.80 and a beta of 0.83. Invitation Home has a twelve month low of $25.29 and a twelve month high of $35.80.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The firm had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. During the same quarter last year, the firm earned $0.47 EPS. 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. On average, equities research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were issued a $0.30 dividend. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. Invitation Home’s dividend payout ratio (DPR) is presently 126.32%.

About Invitation Home

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.