Westpac Banking Corp Cuts Position in Invitation Home $INVH

Westpac Banking Corp lowered its position in shares of Invitation Home (NYSE:INVH) by 18.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 101,834 shares of the company’s stock after selling 23,723 shares during the quarter. Westpac Banking Corp’s holdings in Invitation Home were worth $2,531,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Invitation Home during the fourth quarter valued at approximately $1,438,952,000. UBS Group AG increased its position in shares of Invitation Home by 101.4% in the third quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock worth $145,966,000 after acquiring an additional 2,505,909 shares in the last quarter. Amundi raised its stake in shares of Invitation Home by 169.0% in the 3rd quarter. Amundi now owns 3,296,876 shares of the company’s stock valued at $93,038,000 after acquiring an additional 2,071,407 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Invitation Home by 79.6% in the 4th quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock valued at $125,737,000 after acquiring an additional 2,004,728 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Invitation Home by 53.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock valued at $149,441,000 after acquiring 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 Stock Performance

Invitation Home stock opened at $29.83 on Wednesday. Invitation Home has a 12-month low of $24.25 and a 12-month high of $32.67. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market capitalization 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. The firm’s fifty day moving average price is $29.47 and its 200 day moving average price is $27.54.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 earnings per share 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 analysts’ expectations of $689.91 million. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, research analysts forecast that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a $0.30 dividend. 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 is presently 126.32%.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of research reports. Barclays upped their price target on shares of Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Mizuho boosted their price objective on Invitation Home from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Cfra downgraded Invitation Home from a “hold” rating to a “sell” rating and decreased their target price for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. Evercore reiterated an “outperform” rating and issued a $32.00 target price on shares of Invitation Home in a research note on Friday, May 1st. Finally, Royal Bank Of Canada raised their target price on Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Ten 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. According to MarketBeat, Invitation Home has a consensus rating of “Hold” and a consensus target price of $32.47.

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.