California State Teachers Retirement System Has $28.53 Million Holdings in Invitation Home $INVH

California State Teachers Retirement System reduced its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 15.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 944,281 shares of the company's stock after selling 177,580 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Invitation Home worth $28,526,729 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of INVH. Clearstead Trust LLC bought a new position in shares of Invitation Home in the 2nd quarter worth $28,000. Raiffeisen Bank International AG lifted its position in shares of Invitation Home by 174.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company's stock valued at $40,000 after buying an additional 827 shares in the last quarter. AdvisorNet Financial Inc increased its position in Invitation Home by 7,687.5% in the first quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock worth $46,000 after purchasing an additional 1,845 shares during the last quarter. Essential Partners LLC grew its stake in Invitation Home by 353.7% in the first quarter. Essential Partners LLC now owns 1,883 shares of the company's stock worth $47,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Aventus Investment Advisors Inc. acquired a new stake in Invitation Home in the first quarter worth about $50,000. 96.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Cfra cut Invitation Home from a "hold" rating to a "sell" rating and lowered their target price for the company from $29.00 to $27.00 in a report on Wednesday, May 27th. Jefferies Financial Group raised shares of Invitation Home to a "hold" rating in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Invitation Home from $29.00 to $31.00 and gave the company a "market perform" rating in a research report on Wednesday, August 5th. Barclays raised their target price on shares of Invitation Home from $32.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Finally, Mizuho boosted their price objective on Invitation Home from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, June 17th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.53.

Invitation Home Trading Up 0.4%

NYSE INVH traded up $0.11 during trading hours on Tuesday, hitting $27.70. 2,054,985 shares of the company were exchanged, compared to its average volume of 5,797,142. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $29.60 and a 200 day moving average price of $28.29. The stock has a market cap of $16.36 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 3.92 and a beta of 0.83. Invitation Home has a 52 week low of $24.25 and a 52 week high of $30.89.

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

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 24th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, September 24th. Invitation Home's dividend payout ratio (DPR) is 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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