17,373 Shares in Invitation Home $INVH Purchased by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP purchased 17,373 shares of Invitation Home for approximately $605,000, signaling increasing institutional interest in the company.
• Analysts have mixed ratings on Invitation Home, with a consensus rating of "Hold" and an average price target of $36.85.
• Invitation Home recently declared a quarterly dividend of $0.29, representing an annualized yield of 3.7%, despite a high payout ratio of 131.82%.

Perbak Capital Partners LLP bought a new position in shares of Invitation Home (NYSE:INVH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,373 shares of the company's stock, valued at approximately $605,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of INVH. Mercer Global Advisors Inc. ADV increased its holdings in Invitation Home by 107.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,942 shares of the company's stock worth $925,000 after acquiring an additional 14,979 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Invitation Home by 36.5% in the 4th quarter. Ameriprise Financial Inc. now owns 3,969,533 shares of the company's stock worth $123,634,000 after buying an additional 1,060,805 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Invitation Home by 110.1% in the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock worth $69,004,000 after buying an additional 1,131,029 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Invitation Home in the 4th quarter worth $1,033,000. Finally, Centiva Capital LP bought a new position in shares of Invitation Home in the 4th quarter worth $2,697,000. Institutional investors own 96.79% of the company's stock.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the completion of the sale, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Invitation Home Trading Down 0.5%

INVH traded down $0.14 during trading on Friday, hitting $30.21. 5,418,732 shares of the stock traded hands, compared to its average volume of 3,364,748. The firm has a market capitalization of $18.52 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 3.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a 50-day moving average of $31.30 and a 200 day moving average of $32.76. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.24.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $681.40 million during the quarter, compared to analysts' expectations of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Equities research analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is currently 131.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on INVH shares. Royal Bank Of Canada decreased their price target on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Barclays reduced their target price on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Scotiabank reduced their target price on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Finally, Wells Fargo & Company reduced their target price on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $36.85.

About Invitation Home

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.