Ameriprise Financial Inc. Has $105.18 Million Holdings in Invitation Home $INVH

Key Points

• Ameriprise Financial Inc. reduced its stake in Invitation Home by 21.7%, selling 859,472 shares and retaining 3,110,061 shares, worth approximately $105.2 million.
• Institutional investors collectively own 96.79% of Invitation Home's stock, indicating significant institutional interest in the company.
• Invitation Home recently reported $681.4 million in revenue for the quarter, exceeding analyst expectations, with a net margin of 20.36% and earnings per share meeting consensus estimates at $0.48.

Ameriprise Financial Inc. trimmed its holdings in Invitation Home (NYSE:INVH - Free Report) by 21.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,110,061 shares of the company's stock after selling 859,472 shares during the period. Ameriprise Financial Inc. owned 0.51% of Invitation Home worth $105,179,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of INVH. Stifel Financial Corp boosted its holdings in shares of Invitation Home by 33.3% during the 4th quarter. Stifel Financial Corp now owns 91,288 shares of the company's stock worth $2,918,000 after buying an additional 22,816 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Invitation Home by 23.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 697,929 shares of the company's stock valued at $22,313,000 after buying an additional 130,929 shares in the last quarter. Virtus ETF Advisers LLC grew its holdings in shares of Invitation Home by 7.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after purchasing an additional 319 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Invitation Home in the 4th quarter worth about $2,479,000. Finally, Northern Trust Corp grew its holdings in shares of Invitation Home by 27.3% in the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock worth $218,060,000 after purchasing an additional 1,463,236 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Scotiabank increased their price objective on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Barclays reduced their price objective on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Raymond James Financial boosted their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Oppenheimer boosted their target price on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Invitation Home has a consensus rating of "Hold" and a consensus target price of $36.97.

Invitation Home Trading Up 1.6%

Shares of Invitation Home stock traded up $0.49 on Wednesday, hitting $31.17. The stock had a trading volume of 2,835,661 shares, compared to its average volume of 4,009,305. The stock has a 50 day moving average of $31.69 and a 200 day moving average of $32.80. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. 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 capitalization of $19.10 billion, a P/E ratio of 35.42, a PEG ratio of 3.05 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $675.01 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The firm'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. Sell-side analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.7%. Invitation Home's dividend payout ratio is currently 131.82%.

Insider Activity

In other 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 completion of the transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

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.