Magnetar Financial LLC Invests $5.68 Million in Invitation Home $INVH

Key Points

• Magnetar Financial LLC has invested approximately $5.68 million in Invitation Home by acquiring 163,021 shares during the first quarter.
• Insider activity includes a significant sale by CEO Dallas B. Tanner, who sold 148,749 shares, representing an 18.79% decrease in his ownership stake.
• Invitation Home recently declared a quarterly dividend of $0.29 per share, reflecting a dividend yield of 3.7% and a payout ratio of 131.82%.

Magnetar Financial LLC purchased a new position in Invitation Home (NYSE:INVH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 163,021 shares of the company's stock, valued at approximately $5,681,000.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in shares of Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after acquiring an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Invitation Home during the first quarter valued at approximately $37,000. Zions Bancorporation National Association UT bought a new stake in shares of Invitation Home during the first quarter valued at approximately $40,000. North Capital Inc. bought a new stake in shares of Invitation Home during the first quarter valued at approximately $41,000. Finally, SVB Wealth LLC bought a new stake in shares of Invitation Home during the first quarter valued at approximately $58,000. Institutional investors own 96.79% of the company's stock.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.29% of the company's stock.

Invitation Home Price Performance

Shares of NYSE INVH traded down $0.97 on Tuesday, hitting $30.32. The company's stock had a trading volume of 3,425,142 shares, compared to its average volume of 3,314,923. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The stock has a 50 day moving average of $31.53 and a 200-day moving average of $32.81.

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, meeting the consensus estimate of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company'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, research analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.8%. Invitation Home's dividend payout ratio is presently 131.82%.

Analyst Ratings Changes

Several analysts have recently weighed in on INVH shares. Royal Bank Of Canada decreased their price target on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Oppenheimer boosted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Finally, Raymond James Financial boosted their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $36.85.

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.