KBC Group NV Acquires 35,644 Shares of Invitation Home $INVH

KBC Group NV increased its stake in Invitation Home (NYSE:INVH) by 39.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 126,672 shares of the company’s stock after buying an additional 35,644 shares during the period. KBC Group NV’s holdings in Invitation Home were worth $4,155,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its position in Invitation Home by 10.8% in the first quarter. CWM LLC now owns 6,509 shares of the company’s stock worth $227,000 after acquiring an additional 635 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Invitation Home by 21.8% during the 1st quarter. Wealthfront Advisers LLC now owns 23,522 shares of the company’s stock worth $820,000 after purchasing an additional 4,215 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after purchasing an additional 854 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in Invitation Home by 13.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 13,091 shares of the company’s stock valued at $457,000 after purchasing an additional 1,596 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Invitation Home by 4.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 43,987 shares of the company’s stock valued at $1,533,000 after purchasing an additional 1,874 shares during the period. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective 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. Wells Fargo & Company dropped their price objective 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. Mizuho reduced their target price on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Finally, Morgan Stanley dropped their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.15.

Invitation Home Stock Up 0.4%

Shares of NYSE INVH opened at $28.38 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The company has a market cap of $17.40 billion, a P/E ratio of 29.87, a P/E/G ratio of 2.93 and a beta of 0.81. Invitation Home has a 52 week low of $27.38 and a 52 week high of $35.80. The business has a 50-day simple moving average of $28.83 and a two-hundred day simple moving average of $31.18.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The firm had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The company’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. Research analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

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 $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s dividend payout ratio (DPR) is presently 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.