Adelante Capital Management LLC Has $12.24 Million Stake in Invitation Home $INVH

Key Points

• Adelante Capital Management LLC has reduced its stake in Invitation Home by 51.1%, selling 366,899 shares and now holding 351,142 shares which represents about 0.9% of their portfolio.
• CEO Dallas B. Tanner sold 148,749 shares of Invitation Home at an average price of $33.41, decreasing his position by 18.79% and leaving him with shares valued at over $21 million.
• Recent analyst ratings have been mixed; while Citigroup upgraded the stock to a "buy" with a price target boost, Royal Bank of Canada lowered its target, reflecting varied market sentiment towards Invitation Home's performance.

Adelante Capital Management LLC trimmed its stake in Invitation Home (NYSE:INVH - Free Report) by 51.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 351,142 shares of the company's stock after selling 366,899 shares during the period. Invitation Home accounts for about 0.9% of Adelante Capital Management LLC's investment portfolio, making the stock its 28th largest position. Adelante Capital Management LLC owned approximately 0.06% of Invitation Home worth $12,237,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Invitation Home by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock valued at $3,286,595,000 after acquiring an additional 829,212 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Invitation Home by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock valued at $232,251,000 after buying an additional 65,843 shares during the last quarter. Resolution Capital Ltd grew its holdings in Invitation Home by 24.6% in the 1st quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company's stock valued at $225,000,000 after buying an additional 1,273,244 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in Invitation Home by 2.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock valued at $199,732,000 after buying an additional 134,012 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Invitation Home in the 1st quarter valued at approximately $148,870,000. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

INVH has been the topic of a number of research analyst reports. Barclays lowered their target price on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada reduced their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Keefe, Bruyette & Woods decreased their price objective on 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 decreased their price objective on 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 decreased their price objective on 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 analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $36.85.

Invitation Home Trading Down 1.2%

Shares of INVH stock traded down $0.37 on Friday, reaching $30.25. 1,656,073 shares of the stock were exchanged, compared to its average volume of 3,327,656. The stock has a market cap of $18.54 billion, a PE ratio of 34.37, a P/E/G ratio of 3.00 and a beta of 0.82. Invitation Home has a one year low of $29.37 and a one year high of $37.24. 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 stock has a 50 day moving average price of $31.11 and a 200 day moving average price of $32.71.

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

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 25th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. Invitation Home's dividend payout ratio is presently 131.82%.

Invitation Home 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.