Invitation Home $INVH is Presima Securities ULC's 6th Largest Position

Key Points

• Presima Securities ULC increased its holdings in Invitation Home by 10.6% in the first quarter, making it the firm's sixth largest position at approximately 6.2% of its portfolio.
• Several analysts have lowered their price targets for Invitation Home, with new targets ranging between $33.00 and $37.00, reflecting a shift from more optimistic forecasts to a more cautious outlook.
• Invitation Home has announced a quarterly dividend of $0.29 per share, resulting in an annualized dividend of $1.16 and a yield of 3.8%, despite a high dividend payout ratio of 131.82%.

Presima Securities ULC raised its holdings in Invitation Home (NYSE:INVH - Free Report) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 793,719 shares of the company's stock after purchasing an additional 75,779 shares during the period. Invitation Home accounts for about 6.2% of Presima Securities ULC's holdings, making the stock its 6th biggest position. Presima Securities ULC owned 0.13% of Invitation Home worth $27,661,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. USS Investment Management Ltd increased its holdings in shares of Invitation Home by 3.7% in the first quarter. USS Investment Management Ltd now owns 148,134 shares of the company's stock worth $5,163,000 after purchasing an additional 5,295 shares during the period. UniSuper Management Pty Ltd boosted its position in Invitation Home by 0.6% during the first quarter. UniSuper Management Pty Ltd now owns 244,990 shares of the company's stock valued at $8,538,000 after buying an additional 1,458 shares during the period. Resolution Capital Ltd boosted its position in Invitation Home by 24.6% during the 1st quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company's stock valued at $225,000,000 after buying an additional 1,273,244 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in Invitation Home by 0.8% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 153,657 shares of the company's stock valued at $5,355,000 after buying an additional 1,222 shares during the period. Finally, Millennium Management LLC raised its stake in Invitation Home by 753.2% in the first quarter. Millennium Management LLC now owns 1,101,958 shares of the company's stock worth $38,403,000 after buying an additional 972,795 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Home Stock Down 1.2%

Shares of NYSE:INVH traded down $0.37 during trading hours on Friday, hitting $30.25. The company's stock had a trading volume of 1,656,073 shares, compared to its average volume of 3,327,656. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.24. 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 company has a market capitalization of $18.54 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 3.00 and a beta of 0.82. The firm's fifty day moving average price is $31.11 and its 200 day moving average price is $32.71.

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

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 25th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. Invitation Home's dividend payout ratio is currently 131.82%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada decreased their price target 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. Citigroup raised shares of 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 note on Friday, June 6th. Barclays lowered their price objective 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. Keefe, Bruyette & Woods decreased their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Finally, Wells Fargo & Company cut their price target on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $36.85.

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.