Invitation Home (NYSE:INVH) Hits New 12-Month Low - Here's Why

Key Points

• Invitation Home (NYSE: INVH) has reached a new 52-week low of $28.03 amidst a trading volume of over 4.5 million shares, reflecting investor concerns about the company's performance.
• Analysts have adjusted their price targets for Invitation Home, with Evercore ISI lowering its target from $36.00 to $35.00 while maintaining an "outperform" rating.
• The company recently announced a quarterly dividend of $0.29, representing a yield of 4.1%, despite a high dividend payout ratio of 131.82%.

Invitation Home (NYSE:INVH - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as $28.03 and last traded at $28.13, with a volume of 4562024 shares. The stock had previously closed at $28.22.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on INVH shares. Evercore ISI decreased their price objective on shares of Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Wells Fargo & Company reduced their target price on shares of 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. Barclays decreased their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Scotiabank dropped their price objective on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research note on Thursday, August 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Invitation Home in a report on Saturday, September 27th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.43.

Invitation Home Stock Performance

The company has a market capitalization of $17.24 billion, a P/E ratio of 31.96, a P/E/G ratio of 2.82 and a beta of 0.81. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The company's fifty day moving average is $30.03 and its 200 day moving average is $32.15.

Invitation Home (NYSE:INVH - Get Free Report) last issued its 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 business had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business'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. As a group, equities analysts anticipate 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 will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be paid a $0.29 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.16 annualized dividend and a yield of 4.1%. Invitation Home's dividend payout ratio (DPR) is currently 131.82%.

Institutional Investors Weigh In On Invitation Home

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Invitation Home by 0.8% during the second quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company's stock valued at $3,116,862,000 after acquiring an additional 719,365 shares in the last quarter. Norges Bank purchased a new stake in Invitation Home in the 2nd quarter worth approximately $1,693,992,000. State Street Corp boosted its holdings in Invitation Home by 1.3% in the 2nd quarter. State Street Corp now owns 36,159,024 shares of the company's stock valued at $1,196,334,000 after purchasing an additional 460,747 shares during the period. Geode Capital Management LLC grew its position in shares of Invitation Home by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 15,855,732 shares of the company's stock valued at $518,018,000 after purchasing an additional 309,953 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Invitation Home by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,319,490 shares of the company's stock valued at $436,880,000 after purchasing an additional 514,100 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.

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