Canada Pension Plan Investment Board Invests $8.46 Million in Invitation Home $INVH

Key Points

• Canada Pension Plan Investment Board acquired 280,210 Invitation Home shares worth approximately $8.46 million in the second quarter. Institutional investors and hedge funds collectively own 96.79% of the company.
• Invitation Home reported quarterly EPS of $0.51, surpassing the $0.17 consensus estimate, while revenue rose 9.7% year over year to $747.55 million. The company also pays a quarterly dividend of $0.30, equivalent to a 4.1% annualized yield.
• Analysts maintain a generally cautious outlook, with the stock carrying an average “Hold” rating and a $32.53 price target versus its recent price of $29.30; price targets range from $30 to $36.

Canada Pension Plan Investment Board purchased a new position in shares of Invitation Home (NYSE:INVH - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 280,210 shares of the company's stock, valued at approximately $8,465,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in Invitation Home by 67.4% in the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company's stock worth $2,589,000 after purchasing an additional 29,962 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Invitation Home by 10.7% in the first quarter. Empowered Funds LLC now owns 13,324 shares of the company's stock valued at $464,000 after buying an additional 1,290 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Invitation Home in the second quarter valued at $287,000. Cetera Investment Advisers raised its holdings in shares of Invitation Home by 8.5% in the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company's stock valued at $637,000 after buying an additional 1,528 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of Invitation Home by 5.5% in the second quarter. Cresset Asset Management LLC now owns 15,646 shares of the company's stock valued at $515,000 after buying an additional 809 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Price Performance

Invitation Home stock opened at $29.30 on Friday. The business's 50-day simple moving average is $29.96 and its 200 day simple moving average is $28.14. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 4.17 and a beta of 0.83. Invitation Home has a 12-month low of $24.25 and a 12-month high of $31.33. 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 (NYSE:INVH - Get Free Report) last announced 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. 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 analysts' expectations of $731.13 million. During the same period in the previous year, the business posted $0.48 EPS. The company's quarterly revenue was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, research analysts anticipate that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home's dividend payout ratio is 110.09%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the stock a "market perform" rating in a report on Wednesday, August 5th. Scotiabank boosted their target price on shares of Invitation Home from $29.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. upped their target price on shares of Invitation Home from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 25th. Mizuho increased their price target 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. Finally, Barclays raised their price target on shares of Invitation Home from $32.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. 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 company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $32.53.

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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