Alliancebernstein L.P. Reduces Holdings 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. cut its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 17.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,066,433 shares of the company's stock after selling 219,105 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of Invitation Home worth $37,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of INVH. Nuveen LLC acquired a new position in Invitation Home in the 1st quarter valued at about $148,870,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Invitation Home in the 4th quarter valued at about $67,743,000. Aberdeen Group plc boosted its holdings in Invitation Home by 301.7% in the 1st quarter. Aberdeen Group plc now owns 1,479,359 shares of the company's stock valued at $51,563,000 after purchasing an additional 1,111,095 shares during the last quarter. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 829,212 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Invitation Home by 140.7% in the 4th quarter. Royal Bank of Canada now owns 837,102 shares of the company's stock valued at $26,762,000 after purchasing an additional 489,367 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Home Stock Down 1.4%

Shares of Invitation Home stock traded down $0.42 during trading hours on Friday, reaching $30.20. 4,652,180 shares of the company were exchanged, compared to its average volume of 3,427,846. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.24. The stock's fifty day moving average is $31.06 and its 200 day moving average is $32.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market cap of $18.51 billion, a PE ratio of 34.32, a PEG ratio of 3.06 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 5.56% and a net margin of 20.36%.The business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company'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. As a group, equities research analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. Invitation Home's dividend payout ratio is currently 131.82%.

Wall Street Analysts Forecast Growth

INVH has been the topic of several recent analyst reports. Scotiabank decreased 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. Royal Bank Of Canada decreased their price objective 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 decreased their price objective 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. Wells Fargo & Company decreased their price objective 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. Finally, Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $36.85.

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.