UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Position in Invitation Home $INVH

Key Points

• UBS AM significantly increased its stake in Invitation Home by 1,019.8% during the first quarter, now owning over 6 million shares valued at approximately $214.4 million.
• Several institutional investors have also boosted their holdings in Invitation Home, with 96.79% of the stock currently owned by hedge funds and other institutional investors.
• The stock has a consensus rating of "Hold" from analysts, with a target price cut from $40.00 to $36.00 by Scotiabank, reflecting a cautious outlook despite recent earnings meeting expectations.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Invitation Home (NYSE:INVH - Free Report) by 1,019.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,152,508 shares of the company's stock after acquiring an additional 5,603,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.00% of Invitation Home worth $214,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in Invitation Home by 6.6% in the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after buying an additional 19,084 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Invitation Home during the fourth quarter worth approximately $338,000. Wealth Enhancement Advisory Services LLC grew its holdings in Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after buying an additional 1,268 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in Invitation Home by 2.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock worth $199,732,000 after buying an additional 134,012 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Invitation Home during the first quarter worth $329,000. 96.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INVH has been the subject of several recent research reports. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and upped their price target for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Royal Bank Of Canada reduced their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Scotiabank reduced their price objective 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. Barclays reduced their price objective 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, Evercore ISI reduced their price objective on Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday. 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 stock has a consensus rating of "Moderate Buy" and an average price target of $36.47.

Invitation Home Price Performance

INVH traded up $0.19 during trading on Wednesday, reaching $29.72. 1,035,695 shares of the company were exchanged, compared to its average volume of 3,349,380. The company's 50-day moving average is $30.95 and its two-hundred day moving average is $32.65. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 2.96 and a beta of 0.82. 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 has a 12-month low of $29.37 and a 12-month high of $36.75.

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

Invitation Home Dividend Announcement

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