Principal Financial Group Inc. Trims Stake in Invitation Home $INVH

Key Points

• Principal Financial Group trimmed its INVH stake by 3.4% in Q4, selling 593,994 shares and now holds 16,852,130 shares (about a 2.75% stake) valued at roughly $468.3 million.
• Invitation Homes beat EPS estimates ($0.26 vs. $0.18) but missed revenue expectations ($579M vs. $689.9M); the company set FY2026 EPS guidance of 1.900–1.980 while sell-side forecasts about 1.89.
• The stock yields 4.2% with a dividend payout ratio of 126.3%, and analysts’ consensus is a "Hold" with an average price target of $32.94 versus the recent share price near $28.55.

Principal Financial Group Inc. reduced its position in Invitation Home (NYSE:INVH - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,852,130 shares of the company's stock after selling 593,994 shares during the quarter. Principal Financial Group Inc. owned 2.75% of Invitation Home worth $468,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INVH. Assetmark Inc. increased its position in shares of Invitation Home by 12.3% during the third quarter. Assetmark Inc. now owns 4,060 shares of the company's stock worth $119,000 after acquiring an additional 446 shares during the period. Clearstead Advisors LLC increased its position in shares of Invitation Home by 24.9% during the third quarter. Clearstead Advisors LLC now owns 2,255 shares of the company's stock worth $66,000 after acquiring an additional 450 shares during the period. AlphaQuest LLC increased its position in shares of Invitation Home by 0.4% during the third quarter. AlphaQuest LLC now owns 112,989 shares of the company's stock worth $3,314,000 after acquiring an additional 454 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Invitation Home by 59.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $36,000 after acquiring an additional 466 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Invitation Home by 21.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,171 shares of the company's stock worth $93,000 after acquiring an additional 564 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on INVH shares. Wells Fargo & Company reduced their target price on shares of Invitation Home from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 5th. Barclays raised their target price on shares of Invitation Home from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, April 27th. Raymond James Financial reaffirmed a "market perform" rating on shares of Invitation Home in a research report on Friday, February 27th. UBS Group set a $40.00 target price on shares of Invitation Home in a research report on Wednesday, January 21st. Finally, Citizens Jmp reduced their target price on shares of Invitation Home from $40.00 to $35.00 and set a "market outperform" rating on the stock in a research report on Friday, February 20th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $32.94.

Invitation Home Price Performance

NYSE INVH opened at $28.55 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. The firm's 50 day moving average price is $25.93 and its 200-day moving average price is $26.92. Invitation Home has a 52-week low of $24.25 and a 52-week high of $35.46. The company has a market cap of $17.11 billion, a PE ratio of 30.05, a P/E/G ratio of 4.09 and a beta of 0.86.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The firm had revenue of $579.00 million for the quarter, compared to the consensus estimate of $689.92 million. During the same period last year, the firm earned $0.48 earnings per share. The company's quarterly revenue was up 8.8% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Sell-side analysts forecast that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, March 26th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, March 26th. Invitation Home's dividend payout ratio (DPR) is 126.32%.

About Invitation Home

Invitation Homes NYSE: INVH is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.

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