Fox Run Management L.L.C. Buys Shares of 24,910 Invitation Home $INVH

Key Points

• Fox Run Management L.L.C. acquired 24,910 shares of Invitation Home (NYSE:INVH) valued at approximately $868,000 in the first quarter.
• Invitation Home reported an earnings per share (EPS) of $0.48 for the last quarter, matching analysts' expectations with a revenue increase of 4.3% year-over-year.
• The firm's recently declared quarterly dividend of $0.29 per share represents a 3.8% yield, with a notable dividend payout ratio of 131.82%.

Fox Run Management L.L.C. purchased a new stake in shares of Invitation Home (NYSE:INVH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,910 shares of the company's stock, valued at approximately $868,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after purchasing an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Invitation Home in the first quarter worth about $37,000. Zions Bancorporation National Association UT bought a new position in shares of Invitation Home in the first quarter worth about $40,000. North Capital Inc. bought a new position in shares of Invitation Home in the first quarter worth about $41,000. Finally, Avalon Trust Co bought a new position in shares of Invitation Home in the first quarter worth about $63,000. 96.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction that occurred on 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 owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Invitation Home Trading Up 0.2%

Shares of INVH traded up $0.0650 on Wednesday, reaching $30.5650. 1,390,624 shares of the company's stock were exchanged, compared to its average volume of 3,310,187. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $18.74 billion, a P/E ratio of 34.73, a price-to-earnings-growth ratio of 3.07 and a beta of 0.78. The business has a 50 day moving average price of $32.01 and a two-hundred day moving average price of $32.84. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80.

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

Invitation Home Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on INVH shares. Scotiabank boosted their target price on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods dropped their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $35.00 to $38.50 in a research note on Friday, June 6th. Royal Bank Of Canada dropped their target price on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $37.26.

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.