Invitation Home $INVH Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Invitation Home by 10.3%, acquiring an additional 127,476 shares, bringing its total holdings to approximately 1.37 million shares valued at $47.76 million.
• Invitation Home recently reported quarterly earnings of $0.48 EPS, meeting analyst expectations and showing a 4.3% year-over-year revenue growth of $681.40 million.
• The company declared a quarterly dividend of $0.29 per share, representing an annual yield of 3.8% and a dividend payout ratio of 131.82%.

American Century Companies Inc. increased its position in Invitation Home (NYSE:INVH - Free Report) by 10.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,370,415 shares of the company's stock after purchasing an additional 127,476 shares during the period. American Century Companies Inc. owned 0.22% of Invitation Home worth $47,759,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INVH. Larson Financial Group LLC increased its position in Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of Invitation Home during the first quarter worth approximately $37,000. Zions Bancorporation National Association UT acquired a new position in shares of Invitation Home in the 1st quarter valued at $40,000. North Capital Inc. purchased a new stake in Invitation Home in the 1st quarter valued at $41,000. Finally, Avalon Trust Co purchased a new stake in Invitation Home in the 1st quarter valued at $63,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Oppenheimer boosted their price target on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Barclays decreased their price objective on Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Keefe, Bruyette & Woods lowered their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada cut their price target on 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. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $37.26.

Insider Activity at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the sale, the chief executive officer owned 642,973 shares in the company, valued at $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 is available at this hyperlink. 0.29% of the stock is owned by company insiders.

Invitation Home Price Performance

Shares of NYSE INVH traded down $0.4450 during trading on Monday, hitting $30.8150. 2,860,705 shares of the company were exchanged, compared to its average volume of 4,104,455. 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 $37.80. The company has a market cap of $18.89 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 3.20 and a beta of 0.78. The firm's fifty day moving average price is $31.80 and its 200 day moving average price is $32.83.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly 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. The business had revenue of $681.40 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, sell-side analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is presently 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.