Presima Securities ULC Purchases 75,779 Shares of Invitation Home $INVH

Key Points

• Presima Securities ULC increased its holdings in Invitation Home by 10.6% in the first quarter, making it the firm's sixth largest position at approximately 6.2% of its portfolio.
• Several analysts have lowered their price targets for Invitation Home, with new targets ranging between $33.00 and $37.00, reflecting a shift from more optimistic forecasts to a more cautious outlook.
• Invitation Home has announced a quarterly dividend of $0.29 per share, resulting in an annualized dividend of $1.16 and a yield of 3.8%, despite a high dividend payout ratio of 131.82%.

Presima Securities ULC raised its stake in Invitation Home (NYSE:INVH - Free Report) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 793,719 shares of the company's stock after purchasing an additional 75,779 shares during the quarter. Invitation Home comprises about 6.2% of Presima Securities ULC's investment portfolio, making the stock its 6th biggest position. Presima Securities ULC owned 0.13% of Invitation Home worth $27,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after buying an additional 854 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in Invitation Home in the first quarter valued at approximately $37,000. Zions Bancorporation National Association UT acquired a new stake in Invitation Home in the first quarter valued at approximately $40,000. North Capital Inc. purchased a new stake in shares of Invitation Home during the first quarter valued at approximately $41,000. Finally, SVB Wealth LLC purchased a new stake in shares of Invitation Home during the first quarter valued at approximately $58,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Insider Buying and Selling

In other news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays lowered their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company lowered their target price on 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. Keefe, Bruyette & Woods dropped their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and increased their price target for the company from $35.00 to $38.50 in a report on Friday, June 6th. Finally, Royal Bank Of Canada dropped their price objective 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. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $36.85.

Invitation Home Stock Performance

INVH traded down $0.28 during trading hours on Wednesday, hitting $30.02. 3,397,365 shares of the stock were exchanged, compared to its average volume of 3,487,687. The stock has a market cap of $18.40 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 3.03 and a beta of 0.82. The stock has a 50-day simple moving average of $31.15 and a 200-day simple moving average of $32.72. 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 12 month low of $29.37 and a 12 month high of $37.24.

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

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.9%. Invitation Home's dividend payout ratio (DPR) is currently 131.82%.

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.