Cohen & Steers Inc. Reduces Position in Invitation Home $INVH

Cohen & Steers Inc. decreased its position in Invitation Home (NYSE:INVH) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,667,424 shares of the company’s stock after selling 14,231,050 shares during the quarter. Invitation Home makes up approximately 2.8% of Cohen & Steers Inc.’s portfolio, making the stock its 8th largest holding. Cohen & Steers Inc. owned 0.09% of Invitation Home worth $1,574,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Aurora Investment Managers LLC. bought a new position in shares of Invitation Home in the fourth quarter valued at approximately $2,740,000. NEOS Investment Management LLC raised its position in shares of Invitation Home by 67.6% in the third quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock valued at $3,802,000 after purchasing an additional 52,296 shares during the period. Swiss Life Asset Management Ltd raised its position in shares of Invitation Home by 189.8% in the third quarter. Swiss Life Asset Management Ltd now owns 138,276 shares of the company’s stock valued at $4,056,000 after purchasing an additional 90,554 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Invitation Home in the third quarter valued at approximately $1,549,000. Finally, Tudor Investment Corp ET AL increased its position in Invitation Home by 570.5% during the third quarter. Tudor Investment Corp ET AL now owns 130,998 shares of the company’s stock worth $3,842,000 after acquiring an additional 111,461 shares during the period. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on INVH shares. Weiss Ratings raised shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Wells Fargo & Company boosted their target price on shares of Invitation Home from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Raymond James Financial raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, May 18th. UBS Group dropped their target price on shares of Invitation Home from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Scotiabank boosted their target price on shares of Invitation Home from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.50.

Invitation Home Stock Up 0.8%

Shares of NYSE:INVH opened at $29.68 on Friday. Invitation Home has a 52 week low of $24.25 and a 52 week high of $34.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. The company’s fifty day moving average is $28.07 and its 200-day moving average is $27.09. The company has a market capitalization of $17.63 billion, a PE ratio of 31.24, a P/E/G ratio of 3.45 and a beta of 0.85.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $689.92 million. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts predict that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

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

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.