Invitation Home $INVH Shares Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System boosted its holdings in shares of Invitation Home (NYSE:INVH) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 617,284 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Invitation Home were worth $20,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in Invitation Home in the first quarter valued at $208,000. LPL Financial LLC grew its holdings in Invitation Home by 78.7% during the 1st quarter. LPL Financial LLC now owns 137,605 shares of the company’s stock worth $4,796,000 after acquiring an additional 60,604 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Invitation Home by 9.1% in the 1st quarter. Mackenzie Financial Corp now owns 106,893 shares of the company’s stock worth $3,725,000 after purchasing an additional 8,899 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Invitation Home in the 1st quarter valued at about $455,000. Finally, Commerce Bank lifted its position in shares of Invitation Home by 4.2% during the first quarter. Commerce Bank now owns 10,197 shares of the company’s stock worth $355,000 after purchasing an additional 414 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America lowered their price objective on Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Keefe, Bruyette & Woods decreased their target price on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Finally, Morgan Stanley decreased their price objective on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Invitation Home currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.91.

Invitation Home Stock Up 1.0%

INVH stock opened at $28.20 on Monday. The stock has a market cap of $17.29 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.77 and a beta of 0.83. The firm’s 50-day simple moving average is $28.44 and its 200 day simple moving average is $30.69. Invitation Home has a fifty-two week low of $27.32 and a fifty-two week high of $35.80. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The company 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%. Invitation Home’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, sell-side analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were paid 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 4.1%. Invitation Home’s payout ratio is presently 122.11%.

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.