Invitation Home $INVH Shares Bought by Royal Bank of Canada

Key Points

• Royal Bank of Canada boosted its stake in Invitation Home by 18.6%, owning 992,832 shares worth $34.6 million as of the last SEC filing.
• A total of 96.79% of Invitation Home's stock is held by institutional investors, indicating strong institutional interest in the company.
• Analysts have recently reduced their price targets for Invitation Home, with the consensus rating at "Hold" and an average price target of $36.85.

Royal Bank of Canada increased its position in shares of Invitation Home (NYSE:INVH - Free Report) by 18.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 992,832 shares of the company's stock after buying an additional 155,730 shares during the period. Royal Bank of Canada owned about 0.16% of Invitation Home worth $34,600,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Nomura Holdings Inc. grew its holdings in Invitation Home by 67.1% during the 1st quarter. Nomura Holdings Inc. now owns 141,921 shares of the company's stock worth $4,946,000 after acquiring an additional 57,006 shares in the last quarter. Twin Tree Management LP acquired a new position in Invitation Home during the 1st quarter worth $1,185,000. Baird Financial Group Inc. grew its holdings in Invitation Home by 73.4% during the 1st quarter. Baird Financial Group Inc. now owns 30,095 shares of the company's stock worth $1,049,000 after acquiring an additional 12,742 shares in the last quarter. Vident Advisory LLC grew its holdings in Invitation Home by 14.9% during the 1st quarter. Vident Advisory LLC now owns 42,532 shares of the company's stock worth $1,482,000 after acquiring an additional 5,527 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in Invitation Home during the 1st quarter worth $5,681,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INVH shares. Scotiabank decreased their price objective on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a report on Thursday, August 28th. Wells Fargo & Company decreased 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. Keefe, Bruyette & Woods decreased their price objective 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. 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 report on Friday, August 1st. Finally, Citigroup raised shares of 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. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $36.85.

Invitation Home Stock Performance

NYSE INVH traded down $0.42 on Friday, hitting $30.20. The stock had a trading volume of 4,652,180 shares, compared to its average volume of 3,427,846. Invitation Home has a one year low of $29.37 and a one year high of $37.24. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 3.06 and a beta of 0.82. The company's 50-day moving average is $31.06 and its two-hundred day moving average is $32.70.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The company 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%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, analysts expect that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, September 25th. Invitation Home's dividend payout ratio is currently 131.82%.

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.