Invitation Home $INVH Shares Sold by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets reduced its stake in Invitation Home by 43.9%, selling 947,913 shares and retaining 1,210,482 shares worth approximately $42.2 million.
• Invitation Home reported $0.48 earnings per share for its last quarter, matching analysts' expectations, and experienced a 4.3% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.29, yielding 3.7% annually, with a high dividend payout ratio of 131.82%.

BNP Paribas Financial Markets lessened its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 43.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,210,482 shares of the company's stock after selling 947,913 shares during the period. BNP Paribas Financial Markets owned about 0.20% of Invitation Home worth $42,185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of INVH. Larson Financial Group LLC lifted its position 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 acquiring an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Invitation Home during the 1st quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Invitation Home during the 1st quarter valued at $40,000. North Capital Inc. acquired a new stake in shares of Invitation Home during the 1st quarter valued at $41,000. Finally, SVB Wealth LLC acquired a new stake in shares of Invitation Home during the 1st quarter valued at $58,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Trading Up 1.2%

NYSE INVH opened at $31.32 on Monday. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80. 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 company has a market capitalization of $19.20 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82. The firm's fifty day simple moving average is $31.58 and its 200-day simple moving average is $32.81.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share 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 for the quarter, compared to the consensus estimate of $675.01 million. During the same period in the prior year, the business posted $0.47 earnings per share. Invitation Home's revenue for the quarter 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, sell-side analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were paid 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 dividend yield of 3.7%. Invitation Home's dividend payout ratio is 131.82%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INVH. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and boosted their target price for the company from $35.00 to $38.50 in a research note on Friday, June 6th. The Goldman Sachs Group boosted their target price on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Barclays cut their target price on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company cut their target price on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Finally, Raymond James Financial boosted their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $36.85.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the company's 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 transaction, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company's stock.

About Invitation Home

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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