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

Key Points

• Invitation Home shares reached a new 52-week low at $28.93 during trading, with a last trading price of $28.89 amidst moderate trading volume.
• Multiple brokerages have reduced their target prices for Invitation Home, with the consensus target now set at $36.43 and a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.29 per share, translating to a 4.0% annual yield, while its payout ratio stands at a high 131.82%.

Invitation Home (NYSE:INVH - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $28.93 and last traded at $28.89, with a volume of 206282 shares. The stock had previously closed at $28.92.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INVH. Evercore ISI cut their target price on shares of Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Wells Fargo & Company cut 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 cut their target price on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Keefe, Bruyette & Woods cut their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Finally, Scotiabank cut their target price on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a research report on Thursday, August 28th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Invitation Home has a consensus rating of "Moderate Buy" and a consensus price target of $36.43.

Invitation Home Trading Down 0.3%

The business's fifty day moving average is $30.63 and its 200-day moving average is $32.47. The stock has a market capitalization of $17.67 billion, a PE ratio of 32.76, a P/E/G ratio of 2.97 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 (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Invitation Home's revenue for the quarter was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, September 25th. Invitation Home's payout ratio is currently 131.82%.

Institutional Investors Weigh In On Invitation Home

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Invitation Home in the second quarter valued at $1,693,992,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Invitation Home by 1,019.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company's stock valued at $214,415,000 after purchasing an additional 5,603,077 shares during the period. Nuveen LLC purchased a new position in shares of Invitation Home in the first quarter valued at $148,870,000. AQR Capital Management LLC boosted its stake in shares of Invitation Home by 2,205.3% in the second quarter. AQR Capital Management LLC now owns 1,715,777 shares of the company's stock valued at $56,277,000 after purchasing an additional 1,641,351 shares during the period. Finally, Woodline Partners LP boosted its stake in shares of Invitation Home by 4,762.6% in the first quarter. Woodline Partners LP now owns 1,656,651 shares of the company's stock valued at $57,734,000 after purchasing an additional 1,622,582 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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