Hsbc Holdings PLC Purchases 38,880 Shares of Invitation Home $INVH

Hsbc Holdings PLC raised its holdings in shares of Invitation Home (NYSE:INVH) by 1.4% during the second quarter, HoldingsChannel.com reports. The firm owned 2,724,290 shares of the company’s stock after acquiring an additional 38,880 shares during the quarter. Hsbc Holdings PLC’s holdings in Invitation Home were worth $89,171,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of INVH. Harbor Capital Advisors Inc. bought a new stake in shares of Invitation Home during the second quarter worth approximately $30,000. GKV Capital Management Co. Inc. acquired a new stake in Invitation Home during the 1st quarter worth $37,000. Zions Bancorporation National Association UT acquired a new stake in Invitation Home during the 1st quarter worth $40,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Invitation Home by 49.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock valued at $42,000 after acquiring an additional 421 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Invitation Home by 3,219.5% in the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after purchasing an additional 1,320 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INVH. Bank of America decreased their price objective 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. Keefe, Bruyette & Woods decreased their target price on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Morgan Stanley cut their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Wells Fargo & Company reduced their price objective on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Monday, October 13th. Finally, Oppenheimer set a $38.00 price objective on shares of Invitation Home and gave the company an “outperform” rating in a report on Tuesday, November 4th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.91.

Invitation Home Trading Up 1.0%

Shares of NYSE:INVH opened at $28.20 on Friday. Invitation Home has a 52-week low of $27.32 and a 52-week high of $35.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market capitalization of $17.29 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. The company has a 50-day simple moving average of $28.44 and a 200 day simple moving average of $30.71.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The firm had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Sell-side analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio is 122.11%.

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.