Dimensional Fund Advisors LP Lowers Stock Holdings in Invitation Home $INVH

Key Points

• Dimensional Fund Advisors LP reduced its stake in Invitation Home (NYSE:INVH) by 3.5%, now holding approximately 8.5 million shares valued at about $296.8 million.
• Analyst ratings for Invitation Home show a mix of upgrades and downgrades, with the average target price set at $37.26 and a general consensus rating of "Hold".
• Invitation Home recently announced a quarterly dividend of $0.29 per share, representing an annualized yield of 3.8%, despite a payout ratio of 131.82%.

Dimensional Fund Advisors LP lowered its position in Invitation Home (NYSE:INVH - Free Report) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,515,969 shares of the company's stock after selling 311,739 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.39% of Invitation Home worth $296,772,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Invitation Home during the 4th quarter worth about $7,251,000. Marshall Wace LLP acquired a new stake in Invitation Home in the 4th quarter worth about $7,007,000. CANADA LIFE ASSURANCE Co raised its stake in Invitation Home by 3.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,009,979 shares of the company's stock worth $32,267,000 after purchasing an additional 32,230 shares in the last quarter. GeoWealth Management LLC raised its stake in Invitation Home by 36.2% in the 4th quarter. GeoWealth Management LLC now owns 27,280 shares of the company's stock worth $872,000 after purchasing an additional 7,254 shares in the last quarter. Finally, Capital World Investors acquired a new stake in Invitation Home in the 4th quarter worth about $4,891,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on INVH shares. Oppenheimer raised their target price on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. The Goldman Sachs Group raised their target price on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and raised their target price for the company from $35.00 to $38.50 in a report on Friday, June 6th. Raymond James Financial raised their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Barclays decreased their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $37.26.

Insider Buying and Selling

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by company insiders.

Invitation Home Trading Up 2.3%

Shares of NYSE INVH traded up $0.6950 during midday trading on Friday, reaching $31.2750. The stock had a trading volume of 739,574 shares, compared to its average volume of 3,301,671. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 3.13 and a beta of 0.78. 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 company's 50 day moving average price is $31.89 and its 200 day moving average price is $32.82.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.48. The company had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. Invitation Home's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, sell-side analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.7%. Invitation Home's dividend payout ratio is 131.82%.

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.