Pallas Capital Advisors LLC Purchases Shares of 13,176 Invitation Home $INVH

Key Points

• Pallas Capital Advisors LLC acquired a new stake in Invitation Home, purchasing 13,176 shares valued at approximately $432,000 during the second quarter.
• Invitation Home will pay a quarterly dividend of $0.29 on October 17th, 2023, with a current dividend yield of 3.9%.
• Recently, several analysts downgraded their price targets for Invitation Home, with Wells Fargo & Company lowering its target from $34.00 to $33.00.

Pallas Capital Advisors LLC bought a new position in shares of Invitation Home (NYSE:INVH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,176 shares of the company's stock, valued at approximately $432,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INVH. Horizon Investments LLC grew its stake in shares of Invitation Home by 5.0% in the 1st quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock valued at $285,000 after buying an additional 386 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Invitation Home by 2.5% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock valued at $561,000 after buying an additional 399 shares during the period. New England Research & Management Inc. grew its stake in shares of Invitation Home by 0.9% in the 2nd quarter. New England Research & Management Inc. now owns 46,214 shares of the company's stock valued at $1,516,000 after buying an additional 400 shares during the period. Commerce Bank grew its stake in shares of Invitation Home by 4.2% in the 1st quarter. Commerce Bank now owns 10,197 shares of the company's stock valued at $355,000 after buying an additional 414 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Invitation Home by 49.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company's stock valued at $42,000 after buying an additional 421 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Price Performance

NYSE:INVH traded down $0.08 during midday trading on Tuesday, hitting $29.62. The company had a trading volume of 1,406,328 shares, compared to its average volume of 3,416,322. Invitation Home has a 52-week low of $29.28 and a 52-week high of $36.25. The stock's fifty day moving average price is $30.73 and its 200-day moving average price is $32.51. The company has a market capitalization of $18.15 billion, a PE ratio of 33.64, a P/E/G ratio of 2.96 and a beta of 0.82. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47.

Invitation Home (NYSE:INVH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $675.01 million. During the same period in the previous year, the business earned $0.47 earnings per share. The firm'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, research analysts expect that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The firm 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. This represents a $1.16 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, September 25th. Invitation Home's dividend payout ratio is presently 131.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on INVH shares. Keefe, Bruyette & Woods cut their price target on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and lifted their price target for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Barclays cut 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. Evercore ISI cut their price target on Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Finally, Royal Bank Of Canada cut their price target on 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. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.47.

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.