Y Intercept Hong Kong Ltd Purchases New Holdings in Invitation Home $INVH

Y Intercept Hong Kong Ltd bought a new position in Invitation Home (NYSE:INVH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 139,789 shares of the company’s stock, valued at approximately $4,100,000.

A number of other large investors also recently modified their holdings of INVH. PGGM Investments grew its holdings in shares of Invitation Home by 13.0% during the 3rd quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock worth $166,381,000 after purchasing an additional 653,539 shares during the period. Aberdeen Group plc boosted its stake in shares of Invitation Home by 4.8% in the 2nd quarter. Aberdeen Group plc now owns 1,550,283 shares of the company’s stock valued at $50,849,000 after buying an additional 70,924 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Invitation Home by 5.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,339,473 shares of the company’s stock worth $68,617,000 after buying an additional 128,561 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Invitation Home by 0.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock valued at $2,084,000 after acquiring an additional 533 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Invitation Home by 220.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,966 shares of the company’s stock worth $720,000 after acquiring an additional 15,106 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Home Trading Up 0.5%

INVH opened at $27.17 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. Invitation Home has a fifty-two week low of $25.29 and a fifty-two week high of $35.80. The company’s 50 day moving average price is $27.33 and its two-hundred day moving average price is $28.96. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.96 and a beta of 0.83.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $688.17 million for the quarter, compared to analyst estimates of $679.41 million. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. 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 1.900-1.940 EPS. As a group, research analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.30 per share. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, December 23rd. Invitation Home’s dividend payout ratio is presently 126.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on INVH shares. Scotiabank dropped their price target on shares of Invitation Home from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. Morgan Stanley dropped their price objective on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. UBS Group set a $40.00 target price on Invitation Home in a report on Wednesday. Royal Bank Of Canada lowered their price target on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Finally, Wells Fargo & Company dropped their target price on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Invitation Home currently has an average rating of “Moderate Buy” and an average price target of $34.70.

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.