Cibc World Market Inc. Makes New Investment in Invitation Home $INVH

Cibc World Market Inc. purchased a new position in Invitation Home (NYSE:INVH) in the second quarter, HoldingsChannel.com reports. The fund purchased 121,547 shares of the company’s stock, valued at approximately $3,672,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in shares of Invitation Home during the second quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its stake in Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after purchasing an additional 1,360 shares during the last quarter. Prosperity Bancshares Inc acquired a new position in Invitation Home in the 4th quarter valued at about $42,000. AdvisorNet Financial Inc lifted its holdings in Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after purchasing an additional 1,845 shares in the last quarter. Finally, Essential Partners LLC lifted its holdings in Invitation Home by 353.7% in the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock valued at $47,000 after purchasing an additional 1,468 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Home Stock Down 0.9%

Shares of NYSE INVH opened at $29.95 on Thursday. The stock has a market capitalization of $17.69 billion, a PE ratio of 27.48, a P/E/G ratio of 4.32 and a beta of 0.83. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $29.93 and a 200-day moving average of $28.11. Invitation Home has a 52-week low of $24.25 and a 52-week high of $31.33.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.34. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The firm had revenue of $747.55 million for the quarter, compared to analysts’ expectations of $731.13 million. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, analysts anticipate that Invitation Home will post 1.89 EPS for the current year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Invitation Home’s payout ratio is presently 110.09%.

Analyst Ratings Changes

A number of brokerages have recently commented on INVH. Royal Bank Of Canada lifted their price target on shares of Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Invitation Home from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday. Cfra lowered shares of Invitation Home from a “hold” rating to a “sell” rating and decreased their target price for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. Mizuho lifted their target price on shares of Invitation Home from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Finally, Keefe, Bruyette & Woods boosted their price target on Invitation Home from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.53.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.