Hsbc Holdings PLC Has $93.55 Million Position in Invitation Home $INVH

Key Points

• Hsbc Holdings PLC has reduced its stake in Invitation Home by 25.8%, now owning 2,685,410 shares valued at approximately $93.55 million.
• CEO Dallas B. Tanner sold 148,749 shares of Invitation Home at an average price of $33.41, decreasing his ownership by 18.79%.
• Invitation Home's recent quarterly earnings reported an EPS of $0.48, matching consensus estimates, with a 4.3% increase in revenue compared to the prior year.

Hsbc Holdings PLC reduced its holdings in Invitation Home (NYSE:INVH - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,685,410 shares of the company's stock after selling 931,783 shares during the period. Hsbc Holdings PLC owned approximately 0.44% of Invitation Home worth $93,552,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after buying an additional 19,084 shares during the period. GF Fund Management CO. LTD. bought a new position in Invitation Home in the 4th quarter worth approximately $338,000. Wealth Enhancement Advisory Services LLC increased its position in Invitation Home by 9.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after buying an additional 1,268 shares during the period. FORA Capital LLC bought a new position in Invitation Home in the 4th quarter worth approximately $265,000. Finally, Wexford Capital LP bought a new position in Invitation Home in the 4th quarter worth approximately $320,000. 96.79% of the stock is owned by institutional investors.

Invitation Home Price Performance

INVH stock traded down $0.21 during trading on Tuesday, hitting $30.59. The company had a trading volume of 584,196 shares, compared to its average volume of 3,301,716. The company has a fifty day moving average price of $31.80 and a two-hundred day moving average price of $32.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $18.75 billion, a P/E ratio of 34.75, a P/E/G ratio of 3.20 and a beta of 0.78. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week high of $37.80.

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, meeting the consensus estimate of $0.48. The business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.Invitation Home's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Equities research analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.8%. Invitation Home's payout ratio is currently 131.82%.

Analyst Upgrades and Downgrades

INVH has been the topic of several recent analyst reports. Royal Bank Of Canada dropped 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. Scotiabank boosted their price objective 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. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Raymond James Financial boosted their price objective on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Barclays lowered their price objective 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 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 has an average rating of "Moderate Buy" and a consensus target price of $37.22.

Insider Buying and Selling

In related news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the sale, 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 through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

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.