Bank of America Corp DE Buys Shares of 2,496,227 Invitation Home $INVH

Key Points

• Bank of America acquired 2.50 million Invitation Home shares worth approximately $75.4 million in the second quarter, giving it a 0.42% stake. Institutional investors collectively own 96.79% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $32.42; ratings range from “Sell” to “Buy.”
• Invitation Home exceeded quarterly expectations, reporting $0.51 in EPS and $747.55 million in revenue, while maintaining a quarterly dividend of $0.30 per share, equivalent to a 4.5% yield.

Bank of America Corp DE purchased a new stake in Invitation Home (NYSE:INVH - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 2,496,227 shares of the company's stock, valued at approximately $75,411,000. Bank of America Corp DE owned 0.42% of Invitation Home at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in INVH. Jupiter Topco LLC purchased a new stake in shares of Invitation Home during the second quarter valued at about $4,243,000. Legal & General Group Plc grew its position in shares of Invitation Home by 6.6% in the 4th quarter. Legal & General Group Plc now owns 5,735,955 shares of the company's stock worth $159,402,000 after buying an additional 355,825 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Invitation Home in the 2nd quarter worth approximately $1,866,973,000. Carlyle Group Inc. bought a new position in shares of Invitation Home during the 2nd quarter worth approximately $20,026,000. Finally, Deutsche Bank AG bought a new position in shares of Invitation Home during the 2nd quarter worth approximately $193,539,000. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on INVH. Weiss Ratings reissued a "hold (c)" rating on shares of Invitation Home in a research report on Thursday, August 27th. Jefferies Financial Group raised Invitation Home to a "hold" rating in a research report on Wednesday, July 22nd. Citigroup reaffirmed a "buy" rating on shares of Invitation Home in a research report on Thursday, August 6th. Scotiabank lowered their price objective on Invitation Home from $30.00 to $28.00 and set a "sector perform" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company raised Invitation Home from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $31.00 to $33.00 in a research report on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $32.42.

Invitation Home Stock Performance

Shares of INVH stock opened at $26.86 on Friday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. Invitation Home has a 52-week low of $24.25 and a 52-week high of $30.89. The business has a 50-day simple moving average of $29.40 and a 200-day simple moving average of $28.30. The stock has a market cap of $15.86 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.83 and a beta of 0.83.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.34. The business had revenue of $747.55 million for 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 last 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 expect that Invitation Home will post 1.9 EPS for the current year.

Invitation Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 24th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, September 24th. Invitation Home's dividend payout ratio (DPR) is currently 110.09%.

Invitation Home Profile

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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