1832 Asset Management L.P. Has $4.59 Million Stake in Invitation Home $INVH

Key Points

• 1832 Asset Management L.P. increased its stake in Invitation Home by 114.5% during the first quarter, holding shares valued at $4.59 million.
• Invitation Home's quarterly earnings met analysts' estimates, reporting $0.48 earnings per share and a revenue of $681.4 million.
• The company announced a quarterly dividend of $0.29 per share, resulting in an annualized dividend of $1.16 and a yield of 3.7%.

1832 Asset Management L.P. lifted its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 114.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,795 shares of the company's stock after buying an additional 70,340 shares during the quarter. 1832 Asset Management L.P.'s holdings in Invitation Home were worth $4,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Invitation Home by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock worth $3,286,595,000 after buying an additional 829,212 shares during the period. Northern Trust Corp lifted its holdings in shares of Invitation Home by 27.3% in the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock worth $218,060,000 after purchasing an additional 1,463,236 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Invitation Home by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock worth $232,251,000 after purchasing an additional 65,843 shares in the last quarter. Nuveen LLC bought a new position in shares of Invitation Home in the 1st quarter worth $148,870,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Invitation Home by 36.5% in the 4th quarter. Ameriprise Financial Inc. now owns 3,969,533 shares of the company's stock worth $123,634,000 after purchasing an additional 1,060,805 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INVH. Royal Bank Of Canada cut their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. The Goldman Sachs Group increased their target price on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods cut their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Oppenheimer increased their target price on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Barclays cut their target price on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Invitation Home presently has an average rating of "Hold" and an average price target of $37.26.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer directly owned 642,973 shares in the company, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

Invitation Home Price Performance

INVH opened at $31.2340 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 3.20 and a beta of 0.78. The firm's fifty day moving average price is $31.85 and its two-hundred day moving average price is $32.83. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. The firm had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, June 26th. Invitation Home's payout ratio is presently 131.82%.

Invitation Home 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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