National Pension Service Has $32.57 Million Stake in Invitation Home $INVH

Key Points

• The National Pension Service increased its stake in Invitation Home (NYSE:INVH) by 8.0% in Q1, holding 934,665 shares valued at approximately $32.57 million.
• Invitation Home reported a quarterly earnings of $0.48 per share, matching analysts' expectations, and revenue grew by 4.3% year-over-year.
• The company recently announced a quarterly dividend of $0.29, with a dividend yield of 3.8% and a payout ratio of 131.82%.

National Pension Service raised its holdings in Invitation Home (NYSE:INVH - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 934,665 shares of the company's stock after acquiring an additional 69,106 shares during the period. National Pension Service owned about 0.15% of Invitation Home worth $32,573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Invitation Home by 0.9% in the first quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock valued at $3,286,595,000 after acquiring an additional 829,212 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Invitation Home by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,827,708 shares of the company's stock valued at $282,221,000 after acquiring an additional 33,235 shares during the last quarter. Northern Trust Corp grew its position in Invitation Home by 27.3% in the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after acquiring an additional 1,463,236 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Invitation Home by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock valued at $232,251,000 after acquiring an additional 65,843 shares during the last quarter. Finally, Nuveen LLC bought a new position in Invitation Home in the first quarter valued at about $148,870,000. Institutional investors own 96.79% of the company's stock.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was 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. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.

Invitation Home Trading Up 0.5%

INVH traded up $0.1660 during trading on Thursday, hitting $30.7160. The company's stock had a trading volume of 628,803 shares, compared to its average volume of 3,303,084. Invitation Home has a twelve month low of $29.37 and a twelve month 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's fifty day moving average price is $31.96 and its 200-day moving average price is $32.82. The firm has a market capitalization of $18.83 billion, a P/E ratio of 34.94, a PEG ratio of 3.13 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $675.01 million. During the same period in the previous year, the firm earned $0.47 earnings per share. The company'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. Analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders 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 annualized dividend and a yield of 3.8%. Invitation Home's payout ratio is 131.82%.

Analyst Upgrades and Downgrades

INVH has been the topic of several research reports. The Goldman Sachs Group boosted their price target on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Scotiabank boosted their price target on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Raymond James Financial boosted their price target on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Barclays reduced their target price on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada reduced their target price 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 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 company presently has an average rating of "Hold" and a consensus target price of $37.26.

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.