Credit Agricole S A Has $5.73 Million Stock Position in Invitation Home $INVH

Key Points

• Credit Agricole S A increased its stake in Invitation Home (NYSE: INVH) by 8.4%, now holding 164,335 shares valued at approximately $5.73 million.
• Wall Street analysts have mixed views on Invitation Home, with price targets ranging from $33.00 to $41.00, and a consensus rating of "Hold".
• The company announced a quarterly dividend of $0.29 per share, yielding about 3.7%, although its dividend payout ratio is notably high at 131.82%.

Credit Agricole S A lifted its holdings in Invitation Home (NYSE:INVH - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,335 shares of the company's stock after buying an additional 12,703 shares during the period. Credit Agricole S A's holdings in Invitation Home were worth $5,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp raised its holdings in shares of Invitation Home by 33.3% during the fourth quarter. Stifel Financial Corp now owns 91,288 shares of the company's stock worth $2,918,000 after acquiring an additional 22,816 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Invitation Home by 23.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 697,929 shares of the company's stock worth $22,313,000 after acquiring an additional 130,929 shares in the last quarter. Virtus ETF Advisers LLC raised its holdings in shares of Invitation Home by 7.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after acquiring an additional 319 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Invitation Home during the fourth quarter worth $2,479,000. Finally, Northern Trust Corp raised its holdings in Invitation Home by 27.3% during the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after buying an additional 1,463,236 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Insider Activity

In other news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the completion of the transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INVH. Royal Bank Of Canada cut their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Scotiabank boosted their price objective on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Raymond James Financial boosted their price objective on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Finally, Barclays decreased their target price on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.97.

Invitation Home Price Performance

Shares of NYSE:INVH traded up $0.49 during trading on Wednesday, reaching $31.17. The stock had a trading volume of 1,541,958 shares, compared to its average volume of 3,308,152. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The business's 50-day moving average price is $31.74 and its 200 day moving average price is $32.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The stock has a market capitalization of $19.10 billion, a PE ratio of 35.47, a P/E/G ratio of 3.06 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company had revenue of $681.40 million during the quarter, compared to analysts' expectations of $675.01 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. Invitation Home's quarterly revenue 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. As a group, equities analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's payout ratio is currently 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.