Swedbank AB Has $21.25 Million Stake in Invitation Home $INVH

Key Points

• Swedbank AB increased its holdings in Invitation Home by 6.1%, owning 609,855 shares worth approximately $21.25 million after purchasing an additional 35,000 shares in Q1.
• Invitation Home reported earnings of $0.48 per share for the last quarter, matching analyst expectations and achieving a revenue of $681.4 million, which is a 4.3% increase year-over-year.
• The company announced a quarterly dividend of $0.29 per share, with an annualized yield of 3.8%, although its payout ratio stands at 131.82%.

Swedbank AB increased its position in shares of Invitation Home (NYSE:INVH - Free Report) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 609,855 shares of the company's stock after acquiring an additional 35,000 shares during the period. Swedbank AB owned approximately 0.10% of Invitation Home worth $21,253,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of INVH. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Invitation Home by 1,019.8% during 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 worth $214,415,000 after acquiring an additional 5,603,077 shares during the period. Nuveen LLC acquired a new position in Invitation Home during the first quarter worth about $148,870,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Invitation Home during the fourth quarter worth about $67,743,000. Woodline Partners LP grew its holdings in Invitation Home by 4,762.6% during the first quarter. Woodline Partners LP now owns 1,656,651 shares of the company's stock worth $57,734,000 after acquiring an additional 1,622,582 shares during the period. Finally, 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 worth $225,000,000 after acquiring an additional 1,273,244 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Evercore ISI decreased their price objective on Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Monday. Wells Fargo & Company decreased their price objective on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Keefe, Bruyette & Woods decreased their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada decreased 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. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.47.

Invitation Home Stock Performance

NYSE INVH traded up $0.04 during trading on Thursday, hitting $29.68. The company's stock had a trading volume of 1,159,679 shares, compared to its average volume of 3,366,627. Invitation Home has a 52 week low of $29.37 and a 52 week high of $36.75. The firm has a market cap of $18.19 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82. The firm has a 50 day moving average price of $30.90 and a 200 day moving average price of $32.63. 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 quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The company had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. During the same quarter last year, the firm earned $0.47 EPS. Invitation Home's revenue for the quarter 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. Equities research 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 disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 25th. Invitation Home's dividend payout ratio (DPR) is presently 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.