Invitation Home $INVH Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in Invitation Home by 34.6%, selling 1,484,107 shares, and now owns 0.46% of the company worth approximately $97.73 million.
• Invitation Home announced a quarterly dividend of $0.29, with a dividend yield of 3.8%, to be paid on October 17th to record shareholders.
• Wall Street analysts have mixed ratings for Invitation Home, with a consensus price target of $36.85 and ratings ranging from "Buy" to "Hold".

Goldman Sachs Group Inc. decreased its position in shares of Invitation Home (NYSE:INVH - Free Report) by 34.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,804,307 shares of the company's stock after selling 1,484,107 shares during the period. Goldman Sachs Group Inc. owned approximately 0.46% of Invitation Home worth $97,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Invitation Home by 0.9% in the 1st 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Invitation Home by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock worth $232,251,000 after purchasing an additional 65,843 shares during the last quarter. Resolution Capital Ltd increased its stake in Invitation Home by 24.6% in the 1st quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company's stock worth $225,000,000 after buying an additional 1,273,244 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 valued at $199,732,000 after buying an additional 134,012 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Invitation Home in the 1st quarter valued at about $148,870,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Trading Up 0.4%

NYSE INVH traded up $0.12 on Wednesday, reaching $29.65. 3,610,738 shares of the company were exchanged, compared to its average volume of 3,363,452. 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 fifty-two week low of $29.37 and a fifty-two week high of $36.75. The business's fifty day moving average price is $30.95 and its 200 day moving average price is $32.65. The stock has a market capitalization of $18.17 billion, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 2.96 and a beta of 0.82.

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

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 25th. Invitation Home's payout ratio is 131.82%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INVH. Royal Bank Of Canada reduced their target price on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Keefe, Bruyette & Woods reduced their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Scotiabank lowered their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a report on Thursday, August 28th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and increased their price target for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Finally, Evercore ISI decreased their price objective on Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Monday. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Invitation Home presently has an average rating of "Moderate Buy" and a consensus target price of $36.47.

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.