Sequoia Financial Advisors LLC Has $720,000 Stock Position in Invitation Home $INVH

Key Points

• Sequoia Financial Advisors LLC increased its stake in Invitation Home (NYSE:INVH) by 220.2% during the second quarter, bringing its total holdings to 21,966 shares valued at $720,000.
• Institutional investors hold 96.79% of Invitation Home's stock, demonstrating significant interest from hedge funds and large investment firms.
• The company declared a quarterly dividend of $0.29 per share, resulting in an annualized dividend of $1.16 and a dividend yield of 4.1%.

Sequoia Financial Advisors LLC boosted its stake in Invitation Home (NYSE:INVH - Free Report) by 220.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,966 shares of the company's stock after purchasing an additional 15,106 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Invitation Home were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Invitation Home by 0.9% in the first quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock valued at $3,286,595,000 after purchasing an additional 829,212 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Invitation Home by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock valued at $232,251,000 after purchasing an additional 65,843 shares in the last quarter. Resolution Capital Ltd raised its stake in Invitation Home by 24.6% in the first quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company's stock valued at $225,000,000 after purchasing an additional 1,273,244 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Invitation Home by 1,019.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company's stock valued at $214,415,000 after purchasing an additional 5,603,077 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in Invitation Home by 2.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock valued at $199,732,000 after purchasing an additional 134,012 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised Invitation Home from a "neutral" rating to an "overweight" rating and set a $38.00 price target for the company in a research note on Friday. Evercore ISI dropped their price target on Invitation Home from $35.00 to $34.00 and set an "outperform" rating for the company in a research note on Monday, October 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Invitation Home in a research note on Wednesday, October 8th. Barclays lowered their target price 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. Finally, Scotiabank lowered their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a research note on Thursday, August 28th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.34.

Invitation Home Stock Up 0.2%

Shares of NYSE INVH opened at $28.51 on Friday. 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 $17.48 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 2.85 and a beta of 0.81. Invitation Home has a 12 month low of $27.71 and a 12 month high of $35.80. The stock has a 50-day moving average price of $29.69 and a two-hundred day moving average price of $31.81.

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

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, September 25th. Invitation Home's payout ratio is 131.82%.

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.

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