Alliancebernstein L.P. Trims Stake in Invitation Home $INVH

Key Points

• Alliancebernstein L.P. reduced its stake in Invitation Home by 17.0%, selling 219,105 shares and now holding 1,066,433 shares valued at approximately $37.17 million.
• CEO Dallas B. Tanner sold 148,749 shares of the company's stock for around $4.97 million, representing an 18.79% decrease in his ownership.
• Several analysts have recently altered their ratings on Invitation Home, with Citigroup upgrading the stock to a "buy" rating and increasing the price target from $35.00 to $38.50.

Alliancebernstein L.P. lowered its holdings in Invitation Home (NYSE:INVH - Free Report) by 17.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,066,433 shares of the company's stock after selling 219,105 shares during the quarter. Alliancebernstein L.P. owned 0.17% of Invitation Home worth $37,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Invitation Home by 1,313.8% in the first 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 period. GKV Capital Management Co. Inc. purchased a new stake in shares of Invitation Home in the 1st quarter valued at $37,000. Zions Bancorporation National Association UT purchased a new stake in shares of Invitation Home in the 1st quarter valued at $40,000. North Capital Inc. purchased a new stake in shares of Invitation Home in the 1st quarter valued at $41,000. Finally, SVB Wealth LLC purchased a new stake in shares of Invitation Home in the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INVH shares. Royal Bank Of Canada cut their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $38.50 in a report on Friday, June 6th. Wells Fargo & Company cut 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. Barclays cut their price objective on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Finally, Scotiabank cut their price target 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. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, Invitation Home currently has a consensus rating of "Hold" and a consensus price target of $36.85.

Insider Activity

In other news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.29% of the company's stock.

Invitation Home Price Performance

Shares of NYSE INVH opened at $30.07 on Tuesday. The stock's 50-day moving average is $31.25 and its two-hundred day moving average is $32.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.24. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.82.

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

Invitation Home Dividend Announcement

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

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.

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