Aberdeen Group plc Acquires 70,924 Shares of Invitation Home $INVH

Key Points

• Aberdeen Group plc has increased its stake in Invitation Home (NYSE:INVH) by 4.8%, acquiring an additional 70,924 shares, bringing its total ownership to 1,550,283 shares valued at $50.8 million.
• Invitation Home has posted quarterly earnings of $0.48 per share, matching analyst expectations, with revenues of $681 million, a 4.3% year-over-year increase.
• The company announced a quarterly dividend of $0.29 per share with a dividend yield of 4.1%, reflecting a dividend payout ratio of 131.82%.

Aberdeen Group plc lifted its holdings in Invitation Home (NYSE:INVH - Free Report) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,550,283 shares of the company's stock after purchasing an additional 70,924 shares during the period. Aberdeen Group plc owned 0.25% of Invitation Home worth $50,849,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of Invitation Home in the second quarter worth about $30,000. Larson Financial Group LLC increased its stake in shares of Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after purchasing an additional 854 shares during the period. GKV Capital Management Co. Inc. bought a new position in shares of Invitation Home in the first quarter worth about $37,000. Zions Bancorporation National Association UT bought a new position in shares of Invitation Home in the first quarter worth about $40,000. Finally, North Capital Inc. bought a new position in shares of Invitation Home in the first quarter worth about $41,000. 96.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on 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. Royal Bank Of Canada dropped their price objective on 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. Weiss Ratings restated a "hold (c)" rating on shares of Invitation Home in a research note on Wednesday. Keefe, Bruyette & Woods lowered their price target on 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. Finally, Scotiabank lowered their price target on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research note on Thursday, August 28th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.43.

Invitation Home Trading Down 0.1%

Shares of INVH opened at $27.96 on Friday. Invitation Home has a 12-month low of $27.71 and a 12-month high of $35.80. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 2.79 and a beta of 0.81. The stock's 50-day moving average price is $29.87 and its 200 day moving average price is $32.02.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting 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 analyst estimates of $675.01 million. During the same period in the prior year, the company posted $0.47 EPS. The company's revenue was up 4.3% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, research analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

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

About Invitation Home

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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