Heartland Bank & Trust Co Makes New $385,000 Investment in Invitation Home $INVH

Key Points

• Heartland Bank & Trust Co has made a new investment in Invitation Home, acquiring 11,730 shares valued at approximately $385,000 in the second quarter.
• Invitation Home's stock recently opened at $28.29, with a 52-week low of $27.71 and a high of $35.80; the company also reported an earnings per share of $0.48 for the last quarter.
• The company declared a quarterly dividend of $0.29, with an ex-dividend date of September 25, and an annualized dividend yield of 4.1%.

Heartland Bank & Trust Co purchased a new position in shares of 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 fund purchased 11,730 shares of the company's stock, valued at approximately $385,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Invitation Home during the second quarter worth about $30,000. Larson Financial Group LLC increased its holdings in shares of Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of Invitation Home in the first quarter worth about $37,000. Zions Bancorporation National Association UT purchased a new position in shares of Invitation Home in the first quarter worth about $40,000. Finally, North Capital Inc. purchased a new position in shares of Invitation Home in the first quarter worth about $41,000. Institutional investors own 96.79% of the company's stock.

Invitation Home Stock Up 1.2%

INVH stock opened at $28.29 on Tuesday. Invitation Home has a fifty-two week low of $27.71 and a fifty-two week high of $35.80. The business's 50 day moving average price is $29.83 and its two-hundred day moving average price is $31.96. 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 $17.34 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share 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 firm had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same quarter in the prior year, the business earned $0.47 EPS. The business's revenue for the quarter was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 25th will be paid a $0.29 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. Invitation Home's dividend payout ratio is presently 131.82%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on INVH shares. Wells Fargo & Company decreased their price objective on Invitation Home from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday. Barclays reduced their price target on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Scotiabank reduced their price target on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Keefe, Bruyette & Woods reduced their price target on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada reduced their price target 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. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.23.

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.

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