PNC Financial Services Group Inc. Has $18.29 Million Stake in Invitation Home $INVH

PNC Financial Services Group Inc. lowered its holdings in Invitation Home (NYSE:INVH) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 557,557 shares of the company’s stock after selling 41,225 shares during the period. PNC Financial Services Group Inc. owned approximately 0.09% of Invitation Home worth $18,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of INVH. Vanguard Group Inc. increased its holdings in shares of Invitation Home by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company’s stock valued at $3,286,595,000 after purchasing an additional 829,212 shares during the period. Charles Schwab Investment Management Inc. grew its position in Invitation Home by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company’s stock valued at $232,251,000 after purchasing an additional 65,843 shares in the last quarter. Resolution Capital Ltd increased its stake in Invitation Home by 24.6% in the 1st quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company’s stock valued at $225,000,000 after buying an additional 1,273,244 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Invitation Home by 1,019.8% in the 1st 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 buying an additional 5,603,077 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC lifted its position in Invitation Home by 5.7% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 6,058,456 shares of the company’s stock worth $198,717,000 after buying an additional 327,267 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INVH shares. Barclays lowered their price target on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada lowered their target price on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Scotiabank dropped their target price on Invitation Home from $36.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. Mizuho reduced their price target on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Finally, Keefe, Bruyette & Woods lowered their price target on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Invitation Home presently has an average rating of “Moderate Buy” and a consensus target price of $35.15.

Invitation Home Stock Performance

INVH opened at $28.38 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market cap of $17.40 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.92 and a beta of 0.81. The stock has a 50-day moving average of $28.83 and a 200-day moving average of $31.20. Invitation Home has a 52-week low of $27.38 and a 52-week high of $35.80.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $688.17 million during the quarter, compared to analyst estimates of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities research analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s dividend payout ratio is currently 122.11%.

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.