Cibc World Market Inc. Buys New Position in Invitation Home $INVH

Cibc World Market Inc. purchased a new position in shares of Invitation Home (NYSE:INVH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 121,547 shares of the company’s stock, valued at approximately $3,672,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Invitation Home in the second quarter valued at approximately $1,866,973,000. Norges Bank purchased a new position in shares of Invitation Home during the fourth quarter worth approximately $1,438,952,000. State Street Corp increased its holdings in shares of Invitation Home by 1.3% in the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after acquiring an additional 462,379 shares during the period. Geode Capital Management LLC increased its holdings in shares of Invitation Home by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after acquiring an additional 203,474 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Invitation Home by 8.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock valued at $424,922,000 after purchasing an additional 1,168,113 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Price Performance

Invitation Home stock opened at $29.95 on Thursday. The firm has a market capitalization of $17.69 billion, a PE ratio of 27.48, a P/E/G ratio of 4.32 and a beta of 0.83. Invitation Home has a 52 week low of $24.25 and a 52 week high of $31.33. The firm’s 50-day simple moving average is $29.93 and its 200 day simple moving average is $28.11. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.34. The firm had revenue of $747.55 million during the quarter, compared to the consensus estimate of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, equities research analysts predict that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is 110.09%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank increased their price target on shares of Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Wells Fargo & Company upgraded shares of Invitation Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $31.00 to $33.00 in a research note on Wednesday, June 24th. Cfra cut shares of Invitation Home from a “hold” rating to a “sell” rating and reduced their target price for the company from $29.00 to $27.00 in a report on Wednesday, May 27th. Royal Bank Of Canada increased their target price on shares of Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of Invitation Home in a report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.53.

Invitation Home Company Profile

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.