Public Sector Pension Investment Board Has $5.31 Million Stock Position in Invitation Home $INVH

Key Points

• The Public Sector Pension Investment Board cut its holdings in Invitation Home by 66.3% during the first quarter, now owning 152,325 shares valued at approximately $5.3 million.
• Several institutional investors have made significant changes to their positions, with new purchases worth over $14 million in total during the fourth quarter alone.
• Invitation Home's stock has received mixed ratings from analysts, with prices targets ranging from $33.00 to $43.00, and a consensus average rating of "Hold".

Public Sector Pension Investment Board decreased its stake in Invitation Home (NYSE:INVH - Free Report) by 66.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,325 shares of the company's stock after selling 300,209 shares during the period. Public Sector Pension Investment Board's holdings in Invitation Home were worth $5,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC boosted its stake in 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 buying an additional 854 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Invitation Home during the first quarter worth $40,000. North Capital Inc. acquired a new stake in Invitation Home during the first quarter worth $41,000. Avalon Trust Co acquired a new stake in Invitation Home during the first quarter worth $63,000. Finally, NBC Securities Inc. boosted its stake in Invitation Home by 99,700.0% during the first quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock worth $69,000 after buying an additional 1,994 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Price Performance

Shares of Invitation Home stock traded up $0.5830 during trading on Friday, reaching $31.1630. The company's stock had a trading volume of 412,916 shares, compared to its average volume of 3,299,550. The stock has a 50-day moving average price of $31.89 and a two-hundred day moving average price of $32.82. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a one year low of $29.37 and a one year high of $37.80. The stock has a market capitalization of $19.10 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 3.13 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $675.01 million. During the same period in the previous year, the business posted $0.47 earnings per share. The firm'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, sell-side analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal 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 given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is presently 131.82%.

Analyst Ratings Changes

INVH has been the topic of a number of recent research reports. 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 on the stock in a research note on Friday, August 1st. Keefe, Bruyette & Woods decreased their price target on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $35.00 to $38.50 in a report on Friday, June 6th. Raymond James Financial lifted their price objective on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Scotiabank lifted their price objective on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $37.26.

Insider Buying and Selling

In related news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the completion of the sale, the chief executive officer directly owned 642,973 shares in the company, valued at $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

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.