Invitation Home (NYSE:INVH) Hits New 52-Week Low - Here's Why

Key Points

• Invitation Home's share price hit a new 52-week low of $28.59 during trading, down from a previous close of $29.01.
• Analysts have adjusted their target price for the stock, with a consensus rating of “Moderate Buy” and an average target price of $36.43.
• The company announced a quarterly dividend of $0.29, resulting in a 4.0% dividend yield, with a payout ratio currently at 131.82%.

Invitation Home (NYSE:INVH - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $28.75 and last traded at $28.59, with a volume of 190862 shares changing hands. The stock had previously closed at $29.01.

Wall Street Analyst Weigh In

INVH has been the topic of several research reports. Evercore ISI dropped their target price on shares of Invitation Home from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Scotiabank dropped their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research report on Thursday, August 28th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and raised their target price for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.43.

Invitation Home Trading Down 1.1%

The firm has a market capitalization of $17.58 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The stock's 50-day moving average price is $30.31 and its 200 day moving average price is $32.32.

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

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 25th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 25th. Invitation Home's dividend payout ratio is presently 131.82%.

Institutional Trading of Invitation Home

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC grew its holdings in Invitation Home by 5.3% during the second quarter. Corient Private Wealth LLC now owns 17,839 shares of the company's stock worth $585,000 after acquiring an additional 899 shares during the period. Osaic Holdings Inc. grew its position in shares of Invitation Home by 47.9% during the 2nd quarter. Osaic Holdings Inc. now owns 11,098 shares of the company's stock valued at $365,000 after acquiring an additional 3,596 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of Invitation Home by 14.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 18,884 shares of the company's stock valued at $619,000 after acquiring an additional 2,354 shares during the period. Squarepoint Ops LLC grew its holdings in Invitation Home by 130.7% in the second quarter. Squarepoint Ops LLC now owns 35,288 shares of the company's stock valued at $1,157,000 after purchasing an additional 19,990 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Invitation Home by 53.4% in the second quarter. Thrivent Financial for Lutherans now owns 82,959 shares of the company's stock valued at $2,721,000 after purchasing an additional 28,885 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.