Penserra Capital Management LLC Sells 2,696 Shares of Invitation Home $INVH

Penserra Capital Management LLC lowered its position in Invitation Home (NYSE:INVH) by 13.1% in the second quarter, Holdings Channel.com reports. The fund owned 17,818 shares of the company’s stock after selling 2,696 shares during the period. Penserra Capital Management LLC’s holdings in Invitation Home were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Harvest Portfolios Group Inc. increased its position in shares of Invitation Home by 17.3% during the second quarter. Harvest Portfolios Group Inc. now owns 62,877 shares of the company’s stock valued at $2,062,000 after purchasing an additional 9,295 shares during the period. Vestmark Advisory Solutions Inc. acquired a new stake in Invitation Home during the second quarter worth $877,000. Cbre Investment Management Listed Real Assets LLC increased its holdings in Invitation Home by 5.7% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 6,058,456 shares of the company’s stock valued at $198,717,000 after buying an additional 327,267 shares during the period. Savant Capital LLC bought a new stake in Invitation Home in the 2nd quarter valued at $477,000. Finally, Andra AP fonden raised its stake in shares of Invitation Home by 33.8% in the 2nd quarter. Andra AP fonden now owns 120,700 shares of the company’s stock valued at $3,959,000 after buying an additional 30,500 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Performance

NYSE:INVH opened at $28.65 on Wednesday. The stock has a market capitalization of $17.56 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a 1 year low of $27.38 and a 1 year high of $35.80. The firm has a 50 day moving average of $28.94 and a 200-day moving average of $31.28.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $679.41 million. During the same period last year, the firm posted $0.47 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, sell-side analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal 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 issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s payout ratio is currently 122.11%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Scotiabank cut their price target on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating for the company in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Barclays dropped their target price on Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Finally, Mizuho decreased their price target on Invitation Home from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Invitation Home has an average rating of “Moderate Buy” and a consensus target price of $35.16.

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.