Whittier Trust Co. Buys 37,326 Shares of Invitation Home $INVH

Key Points

• Whittier Trust Co. increased its stake in Invitation Home (NYSE:INVH) by 8.1%, owning 499,684 shares after purchasing an additional 37,326 shares, valued at approximately $16.38 million.
• Recent price target adjustments from analysts show a downward trend, with Royal Bank of Canada and Scotiabank reducing their targets to $34.00 and $36.00 respectively, while nine analysts still rate the stock as a Buy.
• Invitation Home declared a quarterly dividend of $0.29 per share, reflecting a 4.1% yield, despite a high dividend payout ratio of 131.82%.

Whittier Trust Co. lifted its stake in Invitation Home (NYSE:INVH - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 499,684 shares of the company's stock after buying an additional 37,326 shares during the period. Whittier Trust Co. owned approximately 0.08% of Invitation Home worth $16,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Invitation Home in the 2nd quarter valued at $30,000. Larson Financial Group LLC boosted its holdings in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after purchasing an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Invitation Home in the 1st quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Invitation Home in the 1st quarter valued at $40,000. Finally, North Capital Inc. acquired a new stake in shares of Invitation Home in the 1st quarter valued at $41,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INVH has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Scotiabank reduced their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Keefe, Bruyette & Woods dropped their price target on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Barclays dropped their price target 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, Weiss Ratings reiterated a "hold (c)" rating on shares of Invitation Home in a research note on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Invitation Home currently has an average rating of "Moderate Buy" and an average price target of $36.34.

Invitation Home Stock Up 0.2%

Shares of NYSE:INVH opened at $28.57 on Tuesday. The firm has a market cap of $17.51 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.85 and a beta of 0.81. 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 $27.71 and a 12-month high of $35.80. The business has a fifty day simple moving average of $29.66 and a 200 day simple moving average of $31.77.

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

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home's dividend payout ratio (DPR) is currently 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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