Bank of New York Mellon Corp Invests $89.18 Million in Invitation Home $INVH

Bank of New York Mellon Corp bought a new stake in Invitation Home (NYSE:INVH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,952,058 shares of the company's stock, valued at approximately $89,182,000. Bank of New York Mellon Corp owned 0.50% of Invitation Home at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new position in shares of Invitation Home during the second quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its position in 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 purchasing an additional 1,360 shares during the period. Prosperity Bancshares Inc acquired a new stake in Invitation Home in the 4th quarter valued at $42,000. MUFG Securities EMEA plc bought a new stake in Invitation Home during the 2nd quarter valued at $55,000. Finally, AdvisorNet Financial Inc increased its stake in Invitation Home by 7,687.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock valued at $46,000 after purchasing an additional 1,845 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on INVH. Weiss Ratings raised shares of Invitation Home from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 1st. Evercore reissued an "outperform" rating and issued a $32.00 price objective on shares of Invitation Home in a research note on Friday, May 1st. Barclays raised their target price on Invitation Home from $32.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Oppenheimer lifted their target price on Invitation Home from $31.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Finally, Scotiabank upped their price target on Invitation Home from $29.00 to $30.00 and gave the stock a "sector perform" rating in a report on Thursday, June 18th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $32.68.

Invitation Home Price Performance

Shares of NYSE INVH opened at $30.45 on Tuesday. The company has a market capitalization of $17.98 billion, a PE ratio of 27.94, a PEG ratio of 4.30 and a beta of 0.83. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average price is $29.88 and its 200-day moving average price is $28.06. Invitation Home has a twelve month low of $24.25 and a twelve month high of $31.38.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.34. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The firm had revenue of $747.55 million during the quarter, compared to the consensus estimate of $731.13 million. During the same quarter in the prior year, the company earned $0.48 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, equities analysts anticipate that Invitation Home will post 1.89 EPS for the current year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a yield of 3.9%. Invitation Home's dividend payout ratio is presently 110.09%.

Invitation Home Profile

Invitation Homes NYSE: INVH is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.

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