Invitation Home $INVH is Cbre Investment Management Listed Real Assets LLC’s 5th Largest Position

Cbre Investment Management Listed Real Assets LLC grew its position in shares of Invitation Home (NYSE:INVH) by 5.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,058,456 shares of the company’s stock after purchasing an additional 327,267 shares during the period. Invitation Home comprises 3.0% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 5th largest position. Cbre Investment Management Listed Real Assets LLC’s holdings in Invitation Home were worth $198,717,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in INVH. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 acquiring an additional 5,603,077 shares in the last quarter. Nuveen LLC bought a new stake in shares of Invitation Home in the 1st quarter worth $148,870,000. Woodline Partners LP raised 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 worth $57,734,000 after purchasing an additional 1,622,582 shares during the last quarter. Resolution Capital Ltd lifted its holdings in shares of Invitation Home by 24.6% during the first quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company’s stock valued at $225,000,000 after purchasing an additional 1,273,244 shares in the last quarter. Finally, Aberdeen Group plc boosted its position in shares of Invitation Home by 301.7% during the first quarter. Aberdeen Group plc now owns 1,479,359 shares of the company’s stock valued at $51,563,000 after buying an additional 1,111,095 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Home Trading Down 2.0%

NYSE:INVH opened at $27.83 on Friday. Invitation Home has a one year low of $27.38 and a one year high of $35.80. The business has a fifty day moving average price of $29.10 and a 200-day moving average price of $31.43. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 2.84 and a beta of 0.81. 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 (NYSE:INVH) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The business had revenue of $688.17 million during the quarter, compared to analyst estimates of $679.41 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. Invitation Home’s revenue for the quarter was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Sell-side analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.16 annualized dividend and a yield of 4.2%. Invitation Home’s payout ratio is currently 122.11%.

Analyst Ratings Changes

A number of brokerages have recently commented on INVH. Wells Fargo & Company reduced their price target on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 13th. Keefe, Bruyette & Woods lowered their price target on Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Wednesday. Barclays dropped their price target on Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Mizuho reduced their price objective on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Finally, Oppenheimer set a $38.00 target price on Invitation Home and gave the company an “outperform” rating in a report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.47.

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.