OMERS ADMINISTRATION Corp Purchases New Shares in Invitation Home $INVH

Key Points

• OMERS ADMINISTRATION Corp purchased 21,232 new shares in Invitation Home, valued at approximately $740,000, during the first quarter, reflecting growing institutional interest in the company.
• The CEO, Dallas B. Tanner, sold 148,749 shares at an average price of $33.41, representing an 18.79% decrease in his ownership position.
• Wall Street analysts have varying ratings on Invitation Home, with Goldman Sachs raising their price objective to $43.00, while most analysts maintain a consensus rating of "Hold" with an average price target of $36.85.

OMERS ADMINISTRATION Corp purchased a new stake in Invitation Home (NYSE:INVH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,232 shares of the company's stock, valued at approximately $740,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INVH shares. The Goldman Sachs Group raised their price objective on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Royal Bank Of Canada decreased their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Oppenheimer raised their price objective on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Scotiabank decreased their price objective on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Finally, Keefe, Bruyette & Woods decreased 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. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Invitation Home has a consensus rating of "Hold" and an average price target of $36.85.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction on 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 transaction, the chief executive officer owned 642,973 shares in the company, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Invitation Home Stock Up 1.2%

NYSE INVH opened at $31.32 on Tuesday. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. 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's fifty day simple moving average is $31.53 and its 200-day simple moving average is $32.81. The firm has a market cap of $19.20 billion, a PE ratio of 35.59, a P/E/G ratio of 3.13 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 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 business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. During the same quarter in the previous year, the firm earned $0.47 EPS. The company's quarterly revenue 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, equities analysts anticipate that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Thursday, June 26th. Invitation Home's payout ratio is currently 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.

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