First Financial Bankshares Inc Sells 528,536 Shares of Invitation Home $INVH

Key Points

• First Financial Bankshares Inc has sold 528,536 shares of Invitation Home, reducing its stake by 50.1% and leaving it with approximately 0.09% ownership valued at about $18.4 million.
• Multiple institutional investors have increased their holdings in Invitation Home, with Vanguard Group Inc. owning 94.3 million shares, representing a total value of $3.29 billion.
• Invitation Home recently announced a quarterly dividend of $0.29 per share, resulting in an annualized dividend yield of 3.7%, although its payout ratio stands at an unusually high 131.82%.

First Financial Bankshares Inc lessened its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 50.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 527,436 shares of the company's stock after selling 528,536 shares during the period. First Financial Bankshares Inc owned about 0.09% of Invitation Home worth $18,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Invitation Home by 0.9% during the first quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock valued at $3,286,595,000 after acquiring an additional 829,212 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Invitation Home by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock valued at $232,251,000 after acquiring an additional 65,843 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in Invitation Home by 2.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock worth $199,732,000 after buying an additional 134,012 shares in the last quarter. Nuveen LLC bought a new position in Invitation Home in the first quarter worth approximately $148,870,000. Finally, Ameriprise Financial Inc. raised its stake in Invitation Home by 36.5% in the fourth quarter. Ameriprise Financial Inc. now owns 3,969,533 shares of the company's stock worth $123,634,000 after buying an additional 1,060,805 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on INVH. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $35.00 to $38.50 in a research note on Friday, June 6th. Raymond James Financial boosted their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods reduced their price objective on shares of 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. The Goldman Sachs Group boosted their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Oppenheimer boosted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, Invitation Home presently has a consensus rating of "Hold" and an average price target of $36.85.

Invitation Home Price Performance

NYSE INVH opened at $31.32 on Monday. The firm's fifty day simple moving average is $31.58 and its two-hundred day simple moving average is $32.81. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The firm has a market capitalization of $19.20 billion, a P/E ratio of 35.59, a P/E/G ratio of 3.13 and a beta of 0.82.

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

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. Invitation Home's payout ratio is 131.82%.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction on 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. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by company insiders.

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.

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