Invitation Home (NYSE:INVH) Sets New 52-Week Low – Here’s What Happened

Invitation Home (NYSE:INVH)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $27.32 and last traded at $27.3650, with a volume of 1743007 shares changing hands. The stock had previously closed at $27.66.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INVH. Oppenheimer set a $38.00 target price on shares of Invitation Home and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada cut their price objective on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Bank of America decreased their target price on Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Wells Fargo & Company dropped their price target on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Monday, October 13th. Finally, Mizuho reduced their price objective on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.91.

Invitation Home Stock Down 1.1%

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. The business has a 50 day moving average of $28.33 and a 200 day moving average of $30.58. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 2.74 and a beta of 0.83.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The firm 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%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, equities analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s payout ratio is presently 122.11%.

Hedge Funds Weigh In On Invitation Home

A number of hedge funds have recently modified their holdings of INVH. Allworth Financial LP grew its holdings in Invitation Home by 4.4% during the 3rd quarter. Allworth Financial LP now owns 38,294 shares of the company’s stock worth $1,123,000 after acquiring an additional 1,613 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in Invitation Home by 189.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 138,276 shares of the company’s stock worth $4,056,000 after purchasing an additional 90,554 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Invitation Home by 3.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 196,230 shares of the company’s stock worth $5,755,000 after buying an additional 6,789 shares in the last quarter. Prana Capital Management LP boosted its position in Invitation Home by 122.6% in the 3rd quarter. Prana Capital Management LP now owns 630,430 shares of the company’s stock valued at $18,491,000 after buying an additional 347,254 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Invitation Home in the 3rd quarter valued at $6,649,000. 96.79% of the stock is owned by institutional investors and hedge funds.

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.