Northern Trust Corp cut its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,651,594 shares of the company's stock after selling 169,175 shares during the period. Northern Trust Corp owned approximately 1.09% of Invitation Home worth $231,808,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC raised its position 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 worth $32,000 after purchasing an additional 854 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Invitation Home during the first quarter worth $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Invitation Home during the first quarter worth $40,000. North Capital Inc. acquired a new stake in shares of Invitation Home during the first quarter worth $41,000. Finally, Avalon Trust Co acquired a new stake in shares of Invitation Home during the first quarter worth $63,000. 96.79% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Invitation Home
In other news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by company insiders.
Invitation Home Stock Performance
Shares of NYSE INVH opened at $30.5560 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a one year low of $29.37 and a one year high of $37.80. The business's 50-day moving average price is $31.89 and its two-hundred day moving average price is $32.82. The company has a market capitalization of $18.73 billion, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 3.13 and a beta of 0.78.
Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The company had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. During the same period last year, the business earned $0.47 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.
Invitation Home Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.8%. Invitation Home's dividend payout ratio (DPR) is 131.82%.
Wall Street Analyst Weigh In
INVH has been the topic of a number of recent analyst reports. Oppenheimer boosted their target price on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Raymond James Financial lifted their price target on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. The Goldman Sachs Group lifted their price target on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Barclays lowered their price target 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, Keefe, Bruyette & Woods lowered their price target 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. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $37.26.
Get Our Latest Report on Invitation Home
Invitation Home Profile
(
Free Report)
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.
Further Reading

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