Canada Pension Plan Investment Board Reduces Stake in Invitation Home $INVH

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Invitation Home by 8.3%, now holding 14,436,151 shares valued at approximately $503.1 million.
• CEO Dallas B. Tanner sold 148,749 shares of Invitation Home, representing an 18.79% decrease in his ownership stake, with a total transaction value of about $4.97 million.
• Invitation Home's quarterly earnings report showed earnings per share of $0.48 and revenue of $681.40 million, surpassing analysts' estimates.

Canada Pension Plan Investment Board trimmed its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,436,151 shares of the company's stock after selling 1,299,673 shares during the quarter. Canada Pension Plan Investment Board owned 2.36% of Invitation Home worth $503,100,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Toronto Dominion Bank increased its position in Invitation Home by 6.6% in the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after buying an additional 19,084 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Invitation Home in the fourth quarter worth $338,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invitation Home by 9.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after purchasing an additional 1,268 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Invitation Home by 2.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock worth $199,732,000 after purchasing an additional 134,012 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in Invitation Home during the 4th quarter valued at about $265,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Oppenheimer lifted their target price on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price target on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Royal Bank Of Canada decreased their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Scotiabank reduced their price target on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Finally, Raymond James Financial boosted their price target on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $36.85.

Invitation Home Stock Performance

INVH traded down $0.97 during mid-day trading on Tuesday, reaching $30.32. 3,425,096 shares of the company traded hands, compared to its average volume of 3,314,865. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $18.59 billion, a P/E ratio of 34.46, a P/E/G ratio of 3.13 and a beta of 0.82. Invitation Home has a 52-week low of $29.37 and a 52-week high of $37.80. The company's fifty day moving average price is $31.53 and its 200-day moving average price is $32.81.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $681.40 million during the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.Invitation Home's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business 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 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, June 26th. Invitation Home's dividend payout ratio is presently 131.82%.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction 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 sale, the chief executive officer owned 642,973 shares in the company, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

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.