California State Teachers Retirement System Has $944.28 Million Stake in Invitation Home $INVH

Key Points

• CalSTRS dramatically increased its Invitation Homes stake by 2,442.8% in the second quarter, owning 28.5 million shares valued at approximately $944.3 million, or 4.83% of the company. Institutional investors and hedge funds collectively own 96.79% of INVH.
• Invitation Homes exceeded quarterly expectations, reporting adjusted EPS of $0.51 versus the $0.17 consensus and revenue of $747.6 million, up 9.7% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $32.53.
• The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 4.4% yield, although its payout ratio stands at 110.09%.

California State Teachers Retirement System grew its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 2,442.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,526,729 shares of the company's stock after purchasing an additional 27,404,868 shares during the period. California State Teachers Retirement System owned about 4.83% of Invitation Home worth $944,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INVH. Paralel Advisors LLC grew its position in Invitation Home by 218.2% during the second quarter. Paralel Advisors LLC now owns 65,628 shares of the company's stock worth $1,983,000 after buying an additional 45,000 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Invitation Home in the second quarter worth $519,000. Saudi Central Bank raised its stake in Invitation Home by 75.7% in the second quarter. Saudi Central Bank now owns 37,765 shares of the company's stock valued at $1,141,000 after purchasing an additional 16,269 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in Invitation Home during the second quarter worth about $311,000. Finally, Raiffeisen Bank International AG lifted its position in Invitation Home by 174.5% during the second quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company's stock worth $40,000 after purchasing an additional 827 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on INVH shares. Scotiabank upped their price target on shares of Invitation Home from $29.00 to $30.00 and gave the stock a "sector perform" rating in a report on Thursday, June 18th. Cfra cut shares of Invitation Home from a "hold" rating to a "sell" rating and decreased their price objective for the company from $29.00 to $27.00 in a research note on Wednesday, May 27th. Jefferies Financial Group upgraded shares of Invitation Home to a "hold" rating in a research report on Wednesday, July 22nd. Compass Point upgraded Invitation Home to a "hold" rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on Invitation Home from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Tuesday, August 25th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Invitation Home currently has a consensus rating of "Hold" and an average price target of $32.53.

Invitation Home Price Performance

Shares of NYSE:INVH opened at $27.57 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52 week low of $24.25 and a 52 week high of $30.89. The firm has a market cap of $16.28 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.92 and a beta of 0.83. The firm's fifty day moving average is $29.65 and its 200-day moving average is $28.26.

Invitation Home (NYSE:INVH - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.34. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. During the same period last year, the company earned $0.48 EPS. Invitation Home'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. Sell-side analysts predict that Invitation Home will post 1.9 earnings per share for the current year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 24th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.20 annualized dividend and a yield of 4.4%. Invitation Home's dividend payout ratio is presently 110.09%.

Invitation Home Company Profile

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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