Invitation Home $INVH Shares Sold by Aew Capital Management L P

Key Points

• Aew Capital Management L P reduced its holdings in Invitation Home by 15.0%, now owning approximately 645,845 shares worth about $22.5 million.
• CEO Dallas B. Tanner sold 148,749 shares of Invitation Home for nearly $5 million, resulting in an 18.79% decrease in his ownership stake.
• Analysts maintain a mixed outlook for Invitation Home with eight "buy" ratings and nine "hold" ratings, while the average price target is currently set at $37.26.

Aew Capital Management L P trimmed its position in Invitation Home (NYSE:INVH - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,845 shares of the company's stock after selling 114,100 shares during the period. Invitation Home accounts for approximately 1.1% of Aew Capital Management L P's investment portfolio, making the stock its 24th biggest holding. Aew Capital Management L P owned about 0.11% of Invitation Home worth $22,508,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in INVH. Larson Financial Group LLC increased its position in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after acquiring an additional 854 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Invitation Home in the 1st quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new position in shares of Invitation Home in the 1st quarter valued at $40,000. North Capital Inc. acquired a new position in shares of Invitation Home in the 1st quarter valued at $41,000. Finally, Avalon Trust Co acquired a new position in shares of Invitation Home in the 1st quarter valued at $63,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Invitation Home

In other Invitation Home 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 completion of the transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INVH. Citigroup raised 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 research report on Friday, June 6th. Scotiabank increased their price target on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Royal Bank Of Canada cut their price target on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Oppenheimer increased their price target on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods cut their price target 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. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Invitation Home currently has an average rating of "Hold" and an average target price of $37.26.

Invitation Home Price Performance

NYSE:INVH opened at $31.2340 on Friday. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $19.15 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 3.13 and a beta of 0.78. The stock's 50-day moving average price is $31.85 and its 200-day moving average price is $32.82.

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, 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 firm had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. During the same period last year, the firm earned $0.47 EPS. The company's quarterly 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. As a group, equities analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. Invitation Home's dividend payout ratio is presently 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.

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