IFM Investors Pty Ltd Sells 17,688 Shares of Invitation Home $INVH

Key Points

• IFM Investors Pty Ltd has reduced its stake in Invitation Home by 7.2%, selling 17,688 shares during the second quarter, leaving them with holdings valued at $7.48 million.
• Analysts have lowered their price targets for Invitation Home, with Royal Bank of Canada setting a target of $34.00, while Citigroup upgraded the stock to a "buy" rating with a target of $38.50.
• Invitation Home recently declared a quarterly dividend of $0.29 per share, resulting in an annualized payout of $1.16 and a dividend yield of 3.9%.

IFM Investors Pty Ltd cut its stake in Invitation Home (NYSE:INVH - Free Report) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,036 shares of the company's stock after selling 17,688 shares during the period. IFM Investors Pty Ltd's holdings in Invitation Home were worth $7,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Invitation Home in the second quarter worth about $30,000. Larson Financial Group LLC lifted its holdings in Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in Invitation Home in the first quarter worth about $37,000. Zions Bancorporation National Association UT purchased a new stake in Invitation Home in the first quarter worth about $40,000. Finally, North Capital Inc. purchased a new stake in Invitation Home in the first quarter worth about $41,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Home Stock Performance

NYSE:INVH traded up $0.03 during trading hours on Tuesday, reaching $29.72. The company had a trading volume of 1,598,323 shares, compared to its average volume of 3,418,745. 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 52 week low of $29.28 and a 52 week high of $36.25. The firm has a market cap of $18.22 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 2.96 and a beta of 0.82. The firm's 50 day moving average price is $30.73 and its 200-day moving average price is $32.51.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $675.01 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm's revenue was up 4.3% on a year-over-year basis. 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 firm 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 payout ratio is presently 131.82%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INVH. Evercore ISI lowered their target price on shares of Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Wells Fargo & Company lowered their target price on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Scotiabank lowered their target price on shares of 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 upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their target price for the company from $35.00 to $38.50 in a report on Friday, June 6th. Finally, Royal Bank Of Canada lowered their target price on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.47.

Invitation Home Company 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.