Principal Financial Group Inc. Has $340.21 Million Stake in Invitation Home $INVH

Principal Financial Group Inc. cut its position in shares of Invitation Home (NYSE:INVH) by 18.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,690,400 shares of the company’s stock after selling 3,161,730 shares during the quarter. Principal Financial Group Inc. owned about 2.28% of Invitation Home worth $340,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cromwell Holdings LLC grew its holdings in Invitation Home by 2,463.5% during the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after acquiring an additional 1,281 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after purchasing an additional 1,360 shares during the period. Prosperity Bancshares Inc acquired a new position in shares of Invitation Home in the 4th quarter valued at about $42,000. MUFG Securities EMEA plc bought a new stake in shares of Invitation Home during the 2nd quarter valued at about $55,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Invitation Home by 7,687.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after purchasing an additional 1,845 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods increased their target price on shares of Invitation Home from $28.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Cfra cut shares of Invitation Home from a “hold” rating to a “sell” rating and reduced their price target for the stock from $29.00 to $27.00 in a report on Wednesday, May 27th. Mizuho lifted their price target on shares of Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Finally, UBS Group lifted their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.47.

Invitation Home Trading Up 0.4%

Shares of INVH stock opened at $30.24 on Wednesday. The company has a 50 day moving average of $29.34 and a 200-day moving average of $27.45. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. Invitation Home has a 12-month low of $24.25 and a 12-month high of $32.67. The firm has a market cap of $17.96 billion, a P/E ratio of 31.83, a PEG ratio of 3.53 and a beta of 0.84.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $689.91 million. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Sell-side analysts anticipate that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, June 25th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 25th. Invitation Home’s dividend payout ratio is 126.32%.

Invitation Home 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.