Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 23,900 Shares of Invitation Home $INVH

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in Invitation Home by 20.6%, leaving it with 92,233 shares valued at approximately $3.21 million.
• Shares of Invitation Home opened at $30.56 on Friday, with a market capitalization of $18.73 billion and a P/E ratio of 34.73.
• Invitation Home recently announced a quarterly dividend of $0.29 per share, reflecting a 3.8% yield and a dividend payout ratio of 131.82%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Invitation Home (NYSE:INVH - Free Report) by 20.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,233 shares of the company's stock after selling 23,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Invitation Home were worth $3,214,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in shares of Invitation Home by 6.6% in the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after buying an additional 19,084 shares during the period. Capital World Investors bought a new stake in Invitation Home during the 4th quarter worth approximately $4,891,000. GF Fund Management CO. LTD. acquired a new position in Invitation Home in the 4th quarter valued at approximately $338,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after acquiring an additional 1,268 shares during the last quarter. Finally, FORA Capital LLC bought a new position in shares of Invitation Home during the fourth quarter valued at $265,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Trading Up 0.1%

INVH stock traded up $0.0250 during trading on Thursday, hitting $30.5750. The company had a trading volume of 2,245,648 shares, compared to its average volume of 3,312,575. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The firm has a 50-day moving average price of $31.96 and a 200-day moving average price of $32.82. 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 cap of $18.74 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 3.13 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $675.01 million. During the same period last year, the company posted $0.47 EPS. Invitation Home'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. As a group, analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

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

Insider Activity

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Oppenheimer raised their price objective on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Raymond James Financial boosted their price target on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. The Goldman Sachs Group upped their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Scotiabank lifted their target price on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Barclays dropped their target price 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 research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Invitation Home currently has an average rating of "Hold" and an average price target of $37.26.

About Invitation Home

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.