Mizuho Securities USA LLC Reduces Holdings in Invitation Home (NYSE:INVH)

Key Points

• Mizuho Securities USA LLC reduced its stake in Invitation Home by 15.5% in Q1 2023, selling 8,379 shares and now owning 45,618 shares valued at $1,590,000.
• CEO Dallas B. Tanner sold 148,749 shares for approximately $4.97 million, resulting in an 18.79% decrease in his position.
• Invitation Home reported a quarterly earnings of $0.48 per share, meeting analysts' expectations, and had revenue of $681.40 million for the period.

Mizuho Securities USA LLC lowered its stake in Invitation Home (NYSE:INVH - Free Report) by 15.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 45,618 shares of the company's stock after selling 8,379 shares during the period. Mizuho Securities USA LLC's holdings in Invitation Home were worth $1,590,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of INVH. Vanguard Group Inc. lifted its stake in Invitation Home by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock valued at $3,286,595,000 after purchasing an additional 829,212 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Invitation Home by 1.7% in the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Invitation Home by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,827,708 shares of the company's stock valued at $282,221,000 after purchasing an additional 33,235 shares during the last quarter. Northern Trust Corp lifted its stake in Invitation Home by 27.3% in the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after purchasing an additional 1,463,236 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Invitation Home by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock valued at $232,251,000 after purchasing an additional 65,843 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Stock Up 0.5%

Shares of NYSE:INVH traded up $0.17 during midday trading on Friday, reaching $30.42. The company's stock had a trading volume of 1,794,631 shares, compared to its average volume of 3,294,212. The firm has a 50 day moving average of $32.19 and a 200-day moving average of $32.84. The firm has a market capitalization of $18.64 billion, a P/E ratio of 34.55, a PEG ratio of 3.13 and a beta of 0.78. 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 has a 12-month low of $29.37 and a 12-month high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The firm had revenue of $681.40 million for 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 revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. On average, research analysts anticipate that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's dividend payout ratio is 131.82%.

Analyst Upgrades and Downgrades

INVH has been the subject of several research reports. Scotiabank increased their price objective on shares of Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. 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 report on Friday, August 1st. The Goldman Sachs Group upped their price target on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Raymond James Financial upped their price target on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their price target for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Invitation Home currently has an average rating of "Moderate Buy" and an average price target of $37.53.

Insider Buying and Selling

In other news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. This trade represents a 18.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.29% of the company's stock.

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.