Y Intercept Hong Kong Ltd Buys Shares of 139,789 Invitation Home $INVH

by · The Cerbat Gem

Y Intercept Hong Kong Ltd bought a new stake in Invitation Home (NYSE:INVH – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor bought 139,789 shares of the company’s stock, valued at approximately $4,100,000.

A number of other institutional investors and hedge funds have also made changes to their positions in INVH. Vanguard Group Inc. boosted its position in Invitation Home by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock worth $3,116,862,000 after purchasing an additional 719,365 shares during the period. Norges Bank bought a new stake in Invitation Home in the second quarter worth about $1,693,992,000. State Street Corp boosted its stake in shares of Invitation Home by 1.3% during the 2nd quarter. State Street Corp now owns 36,159,024 shares of the company’s stock worth $1,196,334,000 after acquiring an additional 460,747 shares in the last quarter. Geode Capital Management LLC raised its position in Invitation Home by 2.0% during the second quarter. Geode Capital Management LLC now owns 15,855,732 shares of the company’s stock valued at $518,018,000 after buying an additional 309,953 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Invitation Home by 4.0% during the second quarter. Daiwa Securities Group Inc. now owns 13,319,490 shares of the company’s stock valued at $436,880,000 after acquiring an additional 514,100 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Home Stock Performance

Shares of INVH stock opened at $27.17 on Monday. The stock has a 50-day moving average of $27.33 and a 200-day moving average of $28.96. The stock has a market cap of $16.65 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.96 and a beta of 0.83. Invitation Home has a one year low of $25.29 and a one year high of $35.80. 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 – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 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 firm had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, sell-side analysts expect that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, December 23rd were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s dividend payout ratio is currently 126.32%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on INVH shares. Wells Fargo & Company reduced their price objective on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Monday, October 13th. Citigroup restated a “market outperform” rating on shares of Invitation Home in a research report on Wednesday. Mizuho reaffirmed a “neutral” rating and set a $27.00 price objective (down previously from $30.00) on shares of Invitation Home in a research report on Thursday, January 8th. UBS Group set a $40.00 target price on shares of Invitation Home in a research note on Wednesday. Finally, Barclays restated an “overweight” rating and set a $33.00 price target on shares of Invitation Home in a research note on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Invitation Home presently has a consensus rating of “Moderate Buy” and an average target price of $34.70.

Read Our Latest Report on INVH

Invitation Home Profile

(Free Report)

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.

Further Reading

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