Invitation Home $INVH Position Trimmed by PGGM Investments

Key Points

• PGGM Investments has reduced its stake in Invitation Home by 0.2% during Q2, holding 5,019,181 shares, which accounts for about 2.9% of its investment portfolio.
• Invitation Home reported a Q2 EPS of $0.48, matching analysts' expectations, with revenue of $681.40 million, up 4.3% year-over-year.
• The company announced a $0.29 quarterly dividend to be paid on October 17th, yielding 4.0% annually, with a payout ratio of 131.82%.

PGGM Investments cut its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,019,181 shares of the company's stock after selling 11,504 shares during the period. Invitation Home comprises about 2.9% of PGGM Investments' investment portfolio, making the stock its 6th biggest position. PGGM Investments owned approximately 0.82% of Invitation Home worth $164,629,000 as of its most recent filing with the SEC.

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

Invitation Home Trading Up 1.0%

Shares of INVH stock opened at $29.32 on Wednesday. Invitation Home has a 12-month low of $28.76 and a 12-month high of $35.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average price is $30.38 and its 200-day moving average price is $32.34. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.90 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) 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 firm had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business's revenue 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. Equities research analysts predict that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 25th. Invitation Home's payout ratio is 131.82%.

Wall Street Analysts Forecast Growth

INVH has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and increased their target price for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Scotiabank decreased their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research note on Thursday, August 28th. Evercore ISI decreased their target price on Invitation Home from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. Finally, Barclays decreased their target price on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Invitation Home has an average rating of "Moderate Buy" and a consensus target price of $36.43.

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.

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