111 Capital Takes $674,000 Position in Invitation Home $INVH

Key Points

• 111 Capital has acquired a new position in Invitation Home valued at approximately $674,000, purchasing 20,549 shares in the second quarter.
• The company's recent quarterly earnings showed an EPS of $0.48, matching consensus estimates, with a revenue increase of 4.3% year-over-year.
• Invitation Home has declared a quarterly dividend of $0.29, reflecting an annualized dividend yield of 4.1%, despite a high payout ratio of 131.82%.

111 Capital acquired a new position in Invitation Home (NYSE:INVH - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,549 shares of the company's stock, valued at approximately $674,000.

Other large investors also recently added to or reduced their stakes in the company. Horizon Investments LLC grew its holdings in shares of Invitation Home by 5.0% during the first quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock valued at $285,000 after buying an additional 386 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Invitation Home by 2.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock worth $561,000 after acquiring an additional 399 shares during the period. New England Research & Management Inc. grew its stake in Invitation Home by 0.9% during the 2nd quarter. New England Research & Management Inc. now owns 46,214 shares of the company's stock valued at $1,516,000 after acquiring an additional 400 shares in the last quarter. Commerce Bank increased its holdings in shares of Invitation Home by 4.2% in the 1st quarter. Commerce Bank now owns 10,197 shares of the company's stock valued at $355,000 after purchasing an additional 414 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Invitation Home by 49.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company's stock worth $42,000 after purchasing an additional 421 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on INVH shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Invitation Home in a research note on Saturday, September 27th. Keefe, Bruyette & Woods cut their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Barclays reduced their price objective on Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Royal Bank Of Canada dropped their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Finally, Evercore ISI reduced their price target on Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $36.43.

Invitation Home Stock Performance

NYSE:INVH opened at $28.64 on Friday. The firm has a market capitalization of $17.55 billion, a PE ratio of 32.54, a PEG ratio of 2.86 and a beta of 0.81. Invitation Home has a 1 year low of $28.57 and a 1 year high of $35.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm's fifty day simple moving average is $30.17 and its 200 day simple moving average is $32.23.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The company had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same period in the previous year, the business posted $0.47 EPS. The company'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. On average, sell-side analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be given a $0.29 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home's dividend payout ratio (DPR) is currently 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.

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