Invitation Home $INVH Shares Purchased by Swedbank AB

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 grew its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 609,855 shares of the company's stock after acquiring an additional 35,000 shares during the quarter. Swedbank AB owned about 0.10% of Invitation Home worth $21,253,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Snowden Capital Advisors LLC increased its holdings in shares of Invitation Home by 2.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock valued at $400,000 after acquiring an additional 319 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of Invitation Home by 5.0% during the first quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock valued at $285,000 after acquiring an additional 386 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Invitation Home by 2.5% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock valued at $561,000 after acquiring an additional 399 shares in the last quarter. Commerce Bank increased its holdings in shares of Invitation Home by 4.2% during the first quarter. Commerce Bank now owns 10,197 shares of the company's stock valued at $355,000 after acquiring an additional 414 shares in the last quarter. Finally, GF Fund Management CO. LTD. increased its holdings in shares of Invitation Home by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 11,023 shares of the company's stock valued at $384,000 after acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Scotiabank cut their price objective on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Royal Bank Of Canada cut their price target on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Barclays cut their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and increased their price target for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Finally, Evercore ISI cut their price target on shares of Invitation Home from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $36.68.

Invitation Home Stock Performance

Invitation Home stock traded down $0.56 during mid-day trading on Monday, hitting $29.66. The company had a trading volume of 5,131,606 shares, compared to its average volume of 3,416,921. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.24. The company's fifty day moving average is $31.01 and its 200-day moving average is $32.67. The company has a market capitalization of $18.18 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 3.02 and a beta of 0.82.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The firm had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. During the same quarter last year, the company earned $0.47 EPS. The firm'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 predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 25th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a yield of 3.9%. Invitation Home's dividend payout ratio (DPR) is currently 131.82%.

Invitation Home Company 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.