Contravisory Investment Management Inc. Invests $494,000 in Invitation Home $INVH

Key Points

• Contravisory Investment Management Inc. has acquired 15,046 shares of Invitation Home, valued at approximately $494,000, during the second quarter.
• Invitation Home recently announced a quarterly dividend of $0.29, which translates to an annualized amount of $1.16, resulting in a dividend yield of 3.9%.
• The company's recent earnings report showed $0.48 earnings per share, meeting consensus estimates, and a revenue increase of 4.3% year-over-year.

Contravisory Investment Management Inc. acquired a new position in Invitation Home (NYSE:INVH - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,046 shares of the company's stock, valued at approximately $494,000.

Several other institutional investors have also bought and sold shares of INVH. Royal Bank of Canada lifted its holdings in Invitation Home by 140.7% in the 4th quarter. Royal Bank of Canada now owns 837,102 shares of the company's stock valued at $26,762,000 after acquiring an additional 489,367 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in Invitation Home by 2.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock valued at $400,000 after acquiring an additional 319 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after acquiring an additional 19,084 shares during the last quarter. Tidal Investments LLC lifted its holdings in Invitation Home by 10.0% in the 4th quarter. Tidal Investments LLC now owns 25,161 shares of the company's stock valued at $804,000 after acquiring an additional 2,283 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Invitation Home during the fourth quarter valued at about $1,089,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on INVH shares. Wells Fargo & Company reduced their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their price objective for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Royal Bank Of Canada reduced their price objective on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Finally, Evercore ISI reduced their price target on shares of Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.47.

Invitation Home Price Performance

Shares of NYSE:INVH traded up $0.08 during midday trading on Friday, reaching $29.60. The company's stock had a trading volume of 9,721,255 shares, compared to its average volume of 3,752,111. The business's fifty day simple moving average is $30.79 and its 200-day simple moving average is $32.55. The company has a market capitalization of $18.15 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.96 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a fifty-two week low of $29.28 and a fifty-two week high of $36.75.

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

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, September 25th. Invitation Home's dividend payout ratio (DPR) is presently 131.82%.

About Invitation Home

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.