Czech National Bank Increases Holdings in Invitation Home $INVH

Key Points

• The Czech National Bank increased its stake in Invitation Home by 6.5% during the second quarter, now holding 139,338 shares valued at approximately $4.57 million.
• Invitation Home announced a quarterly dividend of $0.29 per share, with an annualized yield of 3.9%, despite having a high dividend payout ratio of 131.82%.
• Wall Street analysts have mixed views on the stock, with an average rating of "Moderate Buy" and a consensus price target of $36.47, though several firms have adjusted their price objectives downward.

Czech National Bank increased its stake in Invitation Home (NYSE:INVH - Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,338 shares of the company's stock after purchasing an additional 8,482 shares during the period. Czech National Bank's holdings in Invitation Home were worth $4,570,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new position in Invitation Home in the 4th quarter worth approximately $338,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Invitation Home by 2.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock worth $199,732,000 after acquiring an additional 134,012 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Invitation Home by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after acquiring an additional 1,268 shares in the last quarter. Jump Financial LLC bought a new position in Invitation Home in the first quarter valued at $329,000. Finally, Robeco Schweiz AG increased its stake in Invitation Home by 42.7% in the first quarter. Robeco Schweiz AG now owns 344,000 shares of the company's stock valued at $11,988,000 after acquiring an additional 103,000 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on INVH. Barclays dropped their price target on Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Scotiabank dropped their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a research report on Thursday, August 28th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and upped their target price for the stock from $35.00 to $38.50 in a research note on Friday, June 6th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Finally, Wells Fargo & Company lowered 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 report on Wednesday, August 27th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.47.

Invitation Home Trading Up 0.2%

INVH stock traded up $0.05 during trading on Monday, hitting $29.69. 4,959,877 shares of the company traded hands, compared to its average volume of 4,042,723. The company has a 50-day moving average of $30.73 and a 200-day moving average of $32.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 1 year low of $29.28 and a 1 year high of $36.75. The firm has a market capitalization of $18.20 billion, a PE ratio of 33.74, a P/E/G ratio of 2.96 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting 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 analysts' expectations of $675.01 million. During the same period in the previous year, the firm earned $0.47 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.16 annualized dividend and a yield of 3.9%. Invitation Home's dividend payout ratio 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.