Andra AP fonden Sells 77,000 Shares of Invitation Home $INVH

Key Points

• Andra AP fonden reduced its Invitation Home stake by 45.2%, selling 77,000 shares and retaining 93,472 shares valued at approximately $2.82 million. Institutional investors collectively own 96.79% of the company.
• Analyst sentiment is mixed but leans positive: 11 analysts rate the stock a Buy, nine Hold, and one Sell, with an average price target of $32.45 versus a recent price of $26.93.
• Invitation Home exceeded quarterly expectations, reporting $0.51 in EPS and $747.55 million in revenue, up 9.7% year over year. The company also declared a quarterly dividend of $0.30, representing a 4.5% annualized yield.

Andra AP fonden cut its position in Invitation Home (NYSE:INVH - Free Report) by 45.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,472 shares of the company's stock after selling 77,000 shares during the quarter. Andra AP fonden's holdings in Invitation Home were worth $2,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Junto Capital Management LP bought a new position in Invitation Home in the second quarter valued at approximately $59,101,000. Sequoia Financial Advisors LLC boosted its stake in Invitation Home by 76.1% in the second quarter. Sequoia Financial Advisors LLC now owns 32,029 shares of the company's stock valued at $968,000 after buying an additional 13,840 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Invitation Home by 19.1% in the second quarter. WINTON GROUP Ltd now owns 84,300 shares of the company's stock valued at $2,547,000 after buying an additional 13,546 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Invitation Home by 54.4% in the second quarter. Integrated Wealth Concepts LLC now owns 22,104 shares of the company's stock valued at $668,000 after acquiring an additional 7,786 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Invitation Home by 219,850.0% in the second quarter. NewEdge Advisors LLC now owns 8,798 shares of the company's stock valued at $266,000 after acquiring an additional 8,794 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on INVH shares. Cfra downgraded Invitation Home from a "hold" rating to a "sell" rating and lowered their target price for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. UBS Group lifted their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Wells Fargo & Company upgraded shares of Invitation Home from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $31.00 to $33.00 in a research report on Wednesday, June 24th. BTIG Research set a $32.00 price objective on shares of Invitation Home in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the company a "market perform" rating in a research note on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $32.45.

Invitation Home Price Performance

Invitation Home stock opened at $26.93 on Thursday. The stock has a 50-day moving average price of $29.22 and a two-hundred day moving average price of $28.33. Invitation Home has a 12 month low of $24.25 and a 12 month high of $30.89. The company has a market capitalization of $15.90 billion, a PE ratio of 24.70, a P/E/G ratio of 3.86 and a beta of 0.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The firm had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. During the same period in the previous year, the firm posted $0.48 EPS. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Analysts expect that Invitation Home will post 1.9 EPS for the current year.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 24th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Invitation Home's payout ratio is currently 110.09%.

About Invitation Home

Invitation Homes Inc NYSE: INVH is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.

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