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. cut its position in Invitation Home (NYSE:INVH - Free Report) by 65.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,979 shares of the company's stock after selling 50,031 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Invitation Home were worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Snowden Capital Advisors LLC boosted its holdings in shares of Invitation Home by 2.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock valued at $400,000 after acquiring an additional 319 shares during the period. Horizon Investments LLC lifted its holdings in Invitation Home by 5.0% in the 1st quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock valued at $285,000 after acquiring an additional 386 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Invitation Home by 2.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock worth $561,000 after buying an additional 399 shares during the period. Commerce Bank raised its holdings in Invitation Home by 4.2% during the 1st quarter. Commerce Bank now owns 10,197 shares of the company's stock worth $355,000 after buying an additional 414 shares during the period. Finally, GF Fund Management CO. LTD. increased its holdings in shares of Invitation Home by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 11,023 shares of the company's stock valued at $384,000 after purchasing an additional 448 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INVH has been the topic of a number of research reports. Evercore ISI dropped their target price on Invitation Home from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Monday. Wells Fargo & Company dropped their price objective on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Keefe, Bruyette & Woods dropped their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Barclays dropped their price objective 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 decreased their target price 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. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $36.47.

Invitation Home Price Performance

Invitation Home stock traded up $0.10 during mid-day trading on Wednesday, hitting $29.63. 6,400,168 shares of the company were exchanged, compared to its average volume of 3,509,659. 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 business has a fifty day moving average of $30.90 and a 200 day moving average of $32.63. Invitation Home has a 1-year low of $29.37 and a 1-year high of $36.75. The company has a market capitalization of $18.16 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $675.01 million. During the same period in the prior year, the company posted $0.47 earnings per share. The business'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 expect that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be paid a $0.29 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.9%. Invitation Home's dividend payout ratio (DPR) is 131.82%.

Invitation Home 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.