Nomura Holdings Inc. Buys 57,006 Shares of Invitation Home $INVH

Key Points

• Nomura Holdings Inc. increased its stake in Invitation Home by 67.1% during the first quarter, owning 141,921 shares worth approximately $4.95 million.
• CEO Dallas B. Tanner sold 148,749 shares at an average price of $33.41, reducing his position by 18.79%.
• Invitation Home reported a net margin of 20.36% and revenue of $681.4 million for the last quarter, slightly above analyst expectations.

Nomura Holdings Inc. lifted its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 67.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,921 shares of the company's stock after purchasing an additional 57,006 shares during the quarter. Nomura Holdings Inc.'s holdings in Invitation Home were worth $4,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank increased its holdings in Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after buying an additional 19,084 shares during the period. GF Fund Management CO. LTD. bought a new stake in Invitation Home during the fourth quarter worth $338,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invitation Home by 9.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after purchasing an additional 1,268 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Invitation Home by 2.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock valued at $199,732,000 after purchasing an additional 134,012 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Invitation Home during the 4th quarter worth $265,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Insider Transactions at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction on Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the completion of the sale, the chief executive officer owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on INVH. Scotiabank cut their target price on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research report on Thursday, August 28th. Royal Bank Of Canada cut their price target on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Keefe, Bruyette & Woods lowered their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and upped their target price for the company from $35.00 to $38.50 in a report on Friday, June 6th. Finally, Wells Fargo & Company lowered their price target 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. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.85.

Invitation Home Stock Down 0.5%

NYSE INVH traded down $0.14 on Friday, hitting $30.21. 5,418,732 shares of the company were exchanged, compared to its average volume of 3,487,321. The company has a market cap of $18.52 billion, a PE ratio of 34.33, a PEG ratio of 3.02 and a beta of 0.82. The stock has a fifty day moving average of $31.30 and a 200-day moving average of $32.77. 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 12 month low of $29.37 and a 12 month high of $37.24.

Invitation Home (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting analysts' consensus estimates of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The business had revenue of $681.40 million during the quarter, compared to analyst estimates of $675.01 million. During the same period in the previous year, the company posted $0.47 EPS. The firm'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. As a group, analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) 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.