AG2R LA Mondiale Gestion D Actifs Boosts Holdings in Invitation Home $INVH

Key Points

• AG2R LA Mondiale Gestion D Actifs increased its stake in Invitation Home by 25.2%, bringing its total shares to 46,503, valued at approximately $1.525 million.
• Invitation Home reported a quarterly earnings per share (EPS) of $0.48, meeting consensus estimates, and had revenues of $681.40 million, representing a year-over-year growth of 4.3%.
• The company recently announced a quarterly dividend of $0.29 per share, yielding 4.0%, and has a dividend payout ratio of 131.82%.

AG2R LA Mondiale Gestion D Actifs boosted its position in shares of Invitation Home (NYSE:INVH - Free Report) by 25.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,503 shares of the company's stock after acquiring an additional 9,349 shares during the period. AG2R LA Mondiale Gestion D Actifs' holdings in Invitation Home were worth $1,525,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Invitation Home during the second quarter valued at approximately $30,000. Larson Financial Group LLC increased its stake in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after purchasing an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Invitation Home during the 1st quarter valued at approximately $37,000. Zions Bancorporation National Association UT acquired a new position in Invitation Home during the 1st quarter valued at approximately $40,000. Finally, North Capital Inc. acquired a new position in Invitation Home during the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Home Stock Performance

INVH opened at $28.87 on Friday. 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 company has a market cap of $17.70 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 2.89 and a beta of 0.81. Invitation Home has a 52-week low of $27.71 and a 52-week high of $35.80. The firm's fifty day simple moving average is $29.54 and its two-hundred day simple moving average is $31.71.

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, meeting the consensus estimate of $0.48. The business 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 company's revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Equities analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home's dividend payout ratio (DPR) is presently 131.82%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Evercore ISI cut their price objective on shares of Invitation Home from $35.00 to $34.00 and set an "outperform" rating on the stock in a research note on Monday, October 13th. Royal Bank Of Canada cut their price objective on shares of 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. JPMorgan Chase & Co. upgraded shares of Invitation Home from a "neutral" rating to an "overweight" rating and set a $38.00 price objective on the stock in a research note on Friday, October 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Invitation Home in a research note on Saturday. Finally, Mizuho cut their price objective on shares of Invitation Home from $32.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $35.97.

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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