Gulf International Bank UK Ltd Trims Position in Invitation Home $INVH

Key Points

• Gulf International Bank UK Ltd reduced its stake in Invitation Home by 34.8% during the first quarter, now holding 31,159 shares valued at approximately $1,085,000.
• Various institutional investors have adjusted their holdings, with Larson Financial Group LLC increasing theirs by 1,313.8%, showcasing significant volatility and interest in INVH.
• Invitation Home reported $0.48 earnings per share for the last quarter, meeting analysts' expectations, and declared a quarterly dividend of $0.29 per share with an annual yield of 3.8%.

Gulf International Bank UK Ltd cut its stake in Invitation Home (NYSE:INVH - Free Report) by 34.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,159 shares of the company's stock after selling 16,600 shares during the quarter. Gulf International Bank UK Ltd's holdings in Invitation Home were worth $1,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC increased its stake 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 worth $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 in the 1st quarter worth $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Invitation Home in the 1st quarter worth $40,000. North Capital Inc. acquired a new stake in shares of Invitation Home in the 1st quarter worth $41,000. Finally, Avalon Trust Co acquired a new stake in shares of Invitation Home in the 1st quarter worth $63,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Up 0.2%

Shares of NYSE:INVH traded up $0.0550 during trading on Wednesday, hitting $30.5550. The company's stock had a trading volume of 1,276,540 shares, compared to its average volume of 3,309,649. The business has a 50 day moving average price of $32.01 and a two-hundred day moving average price of $32.84. The company has a market capitalization of $18.73 billion, a PE ratio of 34.71, a P/E/G ratio of 3.07 and a beta of 0.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, research analysts expect 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 was paid on Friday, July 18th. Investors of record on Thursday, June 26th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. Invitation Home's payout ratio is presently 131.82%.

Insider Activity at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction on Friday, June 13th. The shares were 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 in the company, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Scotiabank raised their price objective 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 objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Finally, Raymond James Financial raised their price objective on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $37.26.

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.