Adelante Capital Management LLC Has $12.24 Million Position 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 decreased its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,142 shares of the company's stock after selling 366,899 shares during the period. Invitation Home comprises 0.9% of Adelante Capital Management LLC's portfolio, making the stock its 28th biggest holding. Adelante Capital Management LLC owned about 0.06% of Invitation Home worth $12,237,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in Invitation Home in the first quarter valued at $37,000. Zions Bancorporation National Association UT bought a new stake in Invitation Home in the first quarter valued at $40,000. North Capital Inc. acquired a new position in Invitation Home during the first quarter worth $41,000. Finally, SVB Wealth LLC bought a new position in shares of Invitation Home during the first quarter valued at $58,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Trading Down 0.9%

Invitation Home stock traded down $0.28 during mid-day trading on Wednesday, hitting $30.02. The stock had a trading volume of 3,397,365 shares, compared to its average volume of 3,487,687. The stock has a market capitalization of $18.40 billion, a PE ratio of 15.94, a P/E/G ratio of 3.03 and a beta of 0.82. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.24. 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 50-day simple moving average of $31.15 and a two-hundred day simple moving average of $32.72.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same period in the prior year, the company posted $0.47 EPS. The company's revenue 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. As a group, sell-side analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.9%. Invitation Home's dividend payout ratio is 131.82%.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction 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 $21,481,727.93. The trade was 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 available at this link. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. 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 report on Wednesday, August 6th. Wells Fargo & Company dropped their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Royal Bank Of Canada cut 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. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and increased their price target for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Finally, Scotiabank dropped their price target on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a report on Thursday, August 28th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.