Jacobs Levy Equity Management Inc. Sells 50,031 Shares of Invitation Home $INVH

Key Points

• Jacobs Levy Equity Management Inc. sold 50,031 shares of Invitation Home, reducing its stake by 65.8%, and now holds a total of 25,979 shares valued at approximately $905,000.
• Multiple institutional investors adjusted their positions in Invitation Home, with AQR Capital Management increasing its stake by 67.4% after acquiring an additional 29,962 shares.
• Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and an average target price of $36.85, while four investment firms have recently downgraded their price objectives for the company.

Jacobs Levy Equity Management Inc. lowered its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 65.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,979 shares of the company's stock after selling 50,031 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Invitation Home were worth $905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC purchased a new stake in shares of Invitation Home during the 1st quarter valued at $131,000. AQR Capital Management LLC raised its position in shares of Invitation Home by 67.4% during the 1st quarter. AQR Capital Management LLC now owns 74,426 shares of the company's stock valued at $2,589,000 after buying an additional 29,962 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Invitation Home by 4.8% during the 1st quarter. Advisors Asset Management Inc. now owns 118,315 shares of the company's stock valued at $4,123,000 after buying an additional 5,371 shares in the last quarter. Perbak Capital Partners LLP purchased a new stake in shares of Invitation Home during the 1st quarter valued at $605,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Invitation Home during the 1st quarter valued at $206,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research reports. Scotiabank lowered their price objective 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. Barclays lowered their price objective on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Royal Bank Of Canada decreased their target price on shares of 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. Finally, Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $36.85.

Invitation Home Price Performance

Shares of NYSE:INVH opened at $30.61 on Friday. The stock has a market cap of $18.76 billion, a PE ratio of 34.78, a PEG ratio of 3.00 and a beta of 0.82. The company's fifty day moving average is $31.11 and its 200 day moving average is $32.71. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.24. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. The business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Research analysts anticipate that Invitation Home will post 1.83 earnings per share for the current year.

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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