AlphaQuest LLC Buys 98,041 Shares of Invitation Home $INVH

Key Points

• AlphaQuest LLC increased its shares in Invitation Home by 676.4%, acquiring an additional 98,041 shares, bringing its total to 112,535 shares valued at approximately $3.69 million.
• Institutional investors now own 96.79% of Invitation Home, with firms like Asset Management One and Ethic Inc. also boosting their positions during the same quarter.
• Despite a recent 0.2% decline in share price, Invitation Home released positive quarterly earnings, reporting $0.48 EPS and a revenue increase of 4.3% year-over-year.

AlphaQuest LLC boosted its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 676.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,535 shares of the company's stock after purchasing an additional 98,041 shares during the period. Invitation Home comprises 0.4% of AlphaQuest LLC's portfolio, making the stock its 12th largest holding. AlphaQuest LLC's holdings in Invitation Home were worth $3,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its position in Invitation Home by 0.4% during the second quarter. Asset Management One Co. Ltd. now owns 1,204,343 shares of the company's stock valued at $39,502,000 after purchasing an additional 4,276 shares during the period. Ethic Inc. lifted its position in Invitation Home by 31.9% during the second quarter. Ethic Inc. now owns 37,571 shares of the company's stock valued at $1,229,000 after purchasing an additional 9,093 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Invitation Home by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 214,413 shares of the company's stock valued at $7,030,000 after purchasing an additional 6,930 shares during the period. Whittier Trust Co. lifted its position in Invitation Home by 8.1% during the second quarter. Whittier Trust Co. now owns 499,684 shares of the company's stock valued at $16,384,000 after purchasing an additional 37,326 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Invitation Home during the second quarter valued at approximately $9,301,000. Institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INVH shares. Keefe, Bruyette & Woods decreased their price target on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Evercore ISI decreased their price target on shares of Invitation Home from $35.00 to $34.00 and set an "outperform" rating on the stock in a research report on Monday, October 13th. Mizuho decreased their price target on shares of Invitation Home from $32.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday. Scotiabank decreased their price target on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research report on Thursday, August 28th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Invitation Home in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.97.

Invitation Home Stock Down 0.2%

Shares of INVH stock opened at $28.84 on Friday. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.89 and a beta of 0.81. Invitation Home has a one year low of $27.71 and a one year high of $35.80. The company's fifty day moving average price is $29.58 and its 200-day moving average price is $31.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting the consensus estimate 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 company's revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Sell-side analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

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