Bank of Nova Scotia Invests $2.04 Million in Invitation Home $INVH

Bank of Nova Scotia purchased a new position in shares of Invitation Home (NYSE:INVH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,355 shares of the company’s stock, valued at approximately $2,035,000.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Invitation Home by 67.4% during the 1st quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock valued at $2,589,000 after acquiring an additional 29,962 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Invitation Home by 10.7% during the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock worth $464,000 after purchasing an additional 1,290 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Invitation Home during the second quarter worth $287,000. Cetera Investment Advisers increased its holdings in Invitation Home by 8.5% in the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock valued at $637,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in Invitation Home by 5.5% in the second quarter. Cresset Asset Management LLC now owns 15,646 shares of the company’s stock valued at $515,000 after buying an additional 809 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Home Stock Performance

Shares of INVH opened at $29.95 on Thursday. The firm has a market cap of $17.69 billion, a P/E ratio of 27.48, a PEG ratio of 4.32 and a beta of 0.83. Invitation Home has a twelve month low of $24.25 and a twelve month high of $31.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The firm’s 50 day moving average price is $29.93 and its two-hundred day moving average price is $28.11.

Invitation Home (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The company had revenue of $747.55 million during the quarter, compared to the consensus estimate of $731.13 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, analysts forecast that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, June 25th. Invitation Home’s dividend payout ratio is 110.09%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INVH. Scotiabank increased their price target on shares of Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. boosted their price objective on shares of Invitation Home from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday. Royal Bank Of Canada upped their target price on shares of Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Compass Point upgraded shares of Invitation Home to a “hold” rating in a report on Thursday, July 9th. Finally, UBS Group boosted their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.53.

Invitation Home Profile

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.