Invitation Home (NYSE:INVH) Reaches New 12-Month Low - Should You Sell?

Key Points

• Invitation Home's stock reached a new 12-month low at $29.28 during trading, reflecting a decline in investor confidence despite high volume transactions of over 1.34 million shares.
• Wall Street analysts maintain a generally positive outlook, with eight recommending a "Buy" and a consensus target price of $36.47, indicating potential for recovery.
• The company recently announced a quarterly dividend of $0.29, with a dividend yield of 3.9%, despite a high payout ratio of 131.82%.

Invitation Home (NYSE:INVH - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as $29.28 and last traded at $29.47, with a volume of 1346933 shares changing hands. The stock had previously closed at $29.52.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INVH. Wells Fargo & Company cut 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. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and increased their target price for the company from $35.00 to $38.50 in a report on Friday, June 6th. Royal Bank Of Canada reduced their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company 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 for the company in a report on Thursday, August 28th. Finally, Keefe, Bruyette & Woods reduced their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Eight 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 has a consensus rating of "Moderate Buy" and an average price target of $36.47.

Invitation Home Price Performance

The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 2.96 and a beta of 0.82. The stock's 50 day moving average price is $30.73 and its two-hundred day moving average price is $32.51.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same period in the prior year, the business posted $0.47 earnings per share. 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. Analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 25th. Invitation Home's dividend payout ratio is presently 131.82%.

Hedge Funds Weigh In On Invitation Home

Several hedge funds have recently bought and sold shares of INVH. Harbor Capital Advisors Inc. acquired a new position in Invitation Home during the second quarter worth $30,000. Larson Financial Group LLC increased its position in Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in Invitation Home during the first quarter worth $37,000. Zions Bancorporation National Association UT acquired a new position in Invitation Home during the first quarter worth $40,000. Finally, North Capital Inc. acquired a new position in Invitation Home during the first quarter worth $41,000. 96.79% of the stock is owned by institutional investors and hedge funds.

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.