Goldman Sachs Group Inc. Has $97.73 Million Position in Invitation Home $INVH

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 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,804,307 shares of the company's stock after selling 1,484,107 shares during the period. Goldman Sachs Group Inc. owned 0.46% of Invitation Home worth $97,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in Invitation Home by 6.6% during the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after purchasing an additional 19,084 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in Invitation Home during the fourth quarter worth approximately $338,000. Wealth Enhancement Advisory Services LLC raised its holdings in Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after purchasing an additional 1,268 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in Invitation Home by 2.4% during 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 purchasing an additional 134,012 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Invitation Home in the first quarter valued at $329,000. Institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research reports. Barclays dropped their price target on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Evercore ISI dropped their price target on Invitation Home from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Monday. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and upped their price target for the company from $35.00 to $38.50 in a report on Friday, June 6th. Royal Bank Of Canada dropped their price target 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. Finally, Scotiabank dropped 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. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Invitation Home presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.47.

Invitation Home Trading Down 0.4%

NYSE INVH traded down $0.12 on Thursday, hitting $29.52. 4,334,242 shares of the stock were exchanged, compared to its average volume of 3,684,575. The company's 50-day moving average price is $30.84 and its two-hundred day moving average price is $32.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 52-week low of $29.37 and a 52-week high of $36.75. The company has a market capitalization of $18.10 billion, a price-to-earnings ratio of 33.55, a P/E/G 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. The firm had revenue of $681.40 million during the quarter, compared to analysts' expectations of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. Invitation Home's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Research analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

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