Invitation Home $INVH Shares Bought by Cbre Investment Management Listed Real Assets LLC

Key Points

• CBRE Investment Management increased its holdings in Invitation Home by 2.4%, owning a total of 5,731,189 shares worth approximately $199.7 million as of the latest SEC filing.
• Several hedge funds have recently adjusted their positions in Invitation Home, with Vanguard Group Inc. owning the most shares, totaling 94,306,901, worth over $3.28 billion.
• Invitation Home reported earnings of $0.48 per share for the last quarter, meeting analysts' expectations, while setting its FY 2025 guidance at between 1.880 and 1.940 EPS.

Cbre Investment Management Listed Real Assets LLC boosted its holdings in Invitation Home (NYSE:INVH - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,731,189 shares of the company's stock after acquiring an additional 134,012 shares during the quarter. Invitation Home accounts for 3.1% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its 6th largest position. Cbre Investment Management Listed Real Assets LLC owned about 0.94% of Invitation Home worth $199,732,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in INVH. Nuveen LLC acquired a new stake in Invitation Home in the 1st quarter valued at approximately $148,870,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Invitation Home in the 4th quarter valued at approximately $67,743,000. Northern Trust Corp increased its position in shares of Invitation Home by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after purchasing an additional 1,463,236 shares during the period. BNP Paribas Financial Markets increased its position in shares of Invitation Home by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock valued at $69,004,000 after purchasing an additional 1,131,029 shares during the period. Finally, Aberdeen Group plc increased its position in shares of Invitation Home by 301.7% during the 1st quarter. Aberdeen Group plc now owns 1,479,359 shares of the company's stock valued at $51,563,000 after purchasing an additional 1,111,095 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the completion of the sale, the chief executive officer owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on 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. Scotiabank lifted their price target on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Oppenheimer lifted their price target on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada lowered their price target on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $36.97.

Invitation Home Stock Up 1.6%

Shares of INVH stock traded up $0.49 on Wednesday, reaching $31.17. 2,835,659 shares of the company's stock traded hands, compared to its average volume of 3,316,866. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market capitalization of $19.10 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 3.06 and a beta of 0.78. The business's 50 day moving average price is $31.74 and its two-hundred day moving average price is $32.81.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting analysts' consensus estimates of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The business had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. Invitation Home's revenue for the quarter was up 4.3% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, equities analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. Invitation Home's dividend payout ratio (DPR) is presently 131.82%.

Invitation Home Profile

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.