IFM Investors Pty Ltd Sells 22,184 Shares of Invitation Home $INVH

Key Points

• IFM Investors Pty Ltd reduced its stake in Invitation Home by 8.3%, owning 245,724 shares valued at $8,563,000 post-sale.
• Several institutional investors, including Vanguard Group and UBS AM, increased their stakes in Invitation Home, with 96.79% of the stock owned by institutional investors.
• Invitation Home reported earnings of $0.48 EPS, meeting expectations, with revenue of $681.40 million, reflecting a 4.3% increase from the previous year.

IFM Investors Pty Ltd cut its holdings in Invitation Home (NYSE:INVH - Free Report) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,724 shares of the company's stock after selling 22,184 shares during the quarter. IFM Investors Pty Ltd's holdings in Invitation Home were worth $8,563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Snowden Capital Advisors LLC lifted its stake in Invitation Home by 2.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock valued at $400,000 after acquiring an additional 319 shares during the last quarter. Horizon Investments LLC lifted its stake in Invitation Home by 5.0% in the first quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock valued at $285,000 after acquiring an additional 386 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Invitation Home by 2.5% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock valued at $561,000 after acquiring an additional 399 shares during the last quarter. Commerce Bank lifted its stake in Invitation Home by 4.2% in the first quarter. Commerce Bank now owns 10,197 shares of the company's stock valued at $355,000 after acquiring an additional 414 shares during the last quarter. Finally, GF Fund Management CO. LTD. lifted its stake in Invitation Home by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 11,023 shares of the company's stock valued at $384,000 after acquiring an additional 448 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

INVH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their target price 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. Citigroup upgraded 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. Barclays reduced their price objective on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company reduced their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Finally, Royal Bank Of Canada reduced their price objective on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $36.85.

Invitation Home Stock Performance

NYSE:INVH traded down $0.42 during trading hours on Friday, hitting $30.20. 4,652,180 shares of the company traded hands, compared to its average volume of 3,427,846. The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 3.06 and a beta of 0.82. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.24. The firm has a 50-day moving average of $31.06 and a 200 day moving average of $32.70. 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 (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting the consensus estimate 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%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 25th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, September 25th. Invitation Home's dividend payout ratio is presently 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.