Royal Bank of Canada Has $34.60 Million Position in Invitation Home $INVH

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 raised its position in Invitation Home (NYSE:INVH - Free Report) by 18.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 992,832 shares of the company's stock after buying an additional 155,730 shares during the quarter. Royal Bank of Canada owned 0.16% of Invitation Home worth $34,600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Invitation Home during the first quarter worth approximately $148,870,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Invitation Home during the 4th quarter valued at $67,743,000. Aberdeen Group plc grew its holdings in shares of Invitation Home by 301.7% during the 1st quarter. Aberdeen Group plc now owns 1,479,359 shares of the company's stock worth $51,563,000 after purchasing an additional 1,111,095 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Invitation Home by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock worth $3,286,595,000 after purchasing an additional 829,212 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Invitation Home by 373.2% in the first quarter. PNC Financial Services Group Inc. now owns 598,782 shares of the company's stock worth $20,868,000 after purchasing an additional 472,254 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company cut their target price on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Keefe, Bruyette & Woods decreased their price target on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada dropped their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Finally, Scotiabank decreased their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research report on Thursday, August 28th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $36.85.

Invitation Home Stock Performance

Invitation Home stock opened at $30.21 on Friday. The business has a 50 day moving average of $31.30 and a 200-day moving average of $32.76. The company has a market capitalization of $18.52 billion, a P/E ratio of 34.33, a P/E/G ratio of 3.02 and a beta of 0.82. Invitation Home has a 1 year low of $29.37 and a 1 year 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.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.48 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 business had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same period last year, the company earned $0.47 EPS. The firm's 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. On average, equities research analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

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

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the transaction, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $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 can be accessed through this link. 0.29% of the stock is currently owned by corporate insiders.

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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