Allianz Asset Management GmbH Sells 28,193 Shares of Invitation Home $INVH

Key Points

• Allianz Asset Management GmbH reduced its stake in Invitation Home by 3.3%, selling 28,193 shares and holding 818,229 shares valued at approximately $26.8 million.
• Invitation Home's recent quarterly earnings met analysts' expectations, reporting $0.48 earnings per share and revenue of $681.4 million, reflecting a 4.3% increase compared to the previous year.
• The stock has experienced recent downgrades in price targets from various analysts, with the consensus target price now at $36.34 and a consensus rating of "Moderate Buy".

Allianz Asset Management GmbH trimmed its position in shares of Invitation Home (NYSE:INVH - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 818,229 shares of the company's stock after selling 28,193 shares during the period. Allianz Asset Management GmbH owned about 0.13% of Invitation Home worth $26,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of INVH. GAMMA Investing LLC raised its stake in shares of Invitation Home by 23.0% during the first quarter. GAMMA Investing LLC now owns 4,996 shares of the company's stock valued at $174,000 after acquiring an additional 934 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after acquiring an additional 1,268 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Invitation Home by 104.3% during the first quarter. Blue Trust Inc. now owns 4,130 shares of the company's stock valued at $144,000 after acquiring an additional 2,108 shares during the last quarter. Kentucky Retirement Systems raised its stake in shares of Invitation Home by 6.7% during the first quarter. Kentucky Retirement Systems now owns 41,776 shares of the company's stock valued at $1,456,000 after acquiring an additional 2,626 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Invitation Home during the first quarter valued at about $620,000. 96.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INVH has been the subject of a number of research reports. Royal Bank Of Canada decreased their price target 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. Scotiabank decreased their price target on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a research note on Thursday, August 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Invitation Home in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Invitation Home from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Monday, October 13th. Finally, Keefe, Bruyette & Woods decreased their price target 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. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Invitation Home presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.34.

Invitation Home Price Performance

Shares of INVH opened at $28.51 on Friday. The stock has a market cap of $17.48 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.85 and a beta of 0.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a fifty-two week low of $27.71 and a fifty-two week high of $35.80. The firm's 50-day simple moving average is $29.69 and its two-hundred day simple moving average is $31.81.

Invitation Home (NYSE:INVH - Get Free Report) last announced 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. The business had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were given a $0.29 dividend. The ex-dividend date was Thursday, September 25th. This represents a $1.16 annualized dividend and a yield of 4.1%. Invitation Home's dividend payout ratio (DPR) 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.

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