Amundi Sells 1,528,788 Shares of Invitation Home $INVH

Amundi trimmed its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 41.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,141,561 shares of the company's stock after selling 1,528,788 shares during the period. Amundi owned about 0.36% of Invitation Home worth $64,697,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of INVH. Clearstead Trust LLC acquired a new position in Invitation Home during the second quarter valued at approximately $28,000. Raiffeisen Bank International AG boosted its holdings in shares of Invitation Home by 174.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company's stock valued at $40,000 after buying an additional 827 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company's stock valued at $40,000 after buying an additional 1,360 shares during the last quarter. Prosperity Bancshares Inc acquired a new stake in shares of Invitation Home in the 4th quarter valued at approximately $42,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Invitation Home by 7,687.5% in the first quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock valued at $46,000 after buying an additional 1,845 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Home Stock Performance

Shares of NYSE INVH opened at $27.56 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 4.01 and a beta of 0.83. The stock's fifty day moving average price is $29.71 and its two-hundred day moving average price is $28.26. Invitation Home has a one year low of $24.25 and a one year high of $30.89.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.34. The business had revenue of $747.55 million during the quarter, compared to analysts' expectations of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The business's revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, equities analysts forecast that Invitation Home will post 1.9 EPS for the current year.

Analysts Set New Price Targets

INVH has been the topic of several analyst reports. UBS Group upped their price target on shares of Invitation Home from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Citigroup reissued a "buy" rating on shares of Invitation Home in a research report on Thursday, August 6th. BMO Capital Markets boosted their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the stock a "market perform" rating in a research note on Monday, June 15th. Raymond James Financial raised shares of Invitation Home from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a report on Monday, May 18th. Finally, Mizuho raised their target price on shares of Invitation Home from $26.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, June 17th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Invitation Home currently has an average rating of "Hold" and an average price target of $32.53.

About Invitation Home

Invitation Homes Inc NYSE: INVH is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.

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