Invitation Home $INVH Shares Sold by Westpac Banking Corp

Westpac Banking Corp lowered its stake in Invitation Home (NYSE:INVH) by 18.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 101,834 shares of the company’s stock after selling 23,723 shares during the period. Westpac Banking Corp’s holdings in Invitation Home were worth $2,531,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in shares of Invitation Home during the fourth quarter worth about $1,438,952,000. UBS Group AG increased its holdings in Invitation Home by 101.4% in the third quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after buying an additional 2,505,909 shares during the last quarter. Amundi increased its holdings in Invitation Home by 169.0% in the third quarter. Amundi now owns 3,296,876 shares of the company’s stock valued at $93,038,000 after buying an additional 2,071,407 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Invitation Home by 79.6% during the fourth quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock valued at $125,737,000 after buying an additional 2,004,728 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Invitation Home by 53.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock valued at $149,441,000 after buying an additional 1,884,188 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Price Performance

INVH opened at $29.83 on Wednesday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $29.47 and its 200 day moving average price is $27.54. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $32.67. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 3.53 and a beta of 0.84.

Invitation Home (NYSE:INVH) last issued its 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 company had revenue of $579.00 million during the quarter, compared to the consensus estimate of $689.91 million. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.Invitation Home’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, sell-side analysts expect that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Announces Dividend

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

Wall Street Analyst Weigh In

INVH has been the topic of a number of research analyst reports. Weiss Ratings raised Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Barclays boosted their price target on Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Raymond James Financial raised Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, May 18th. Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $31.00 to $33.00 in a research note on Wednesday, June 24th. Finally, UBS Group lifted their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Invitation Home currently has a consensus rating of “Hold” and an average target price of $32.47.

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.