Rafferty Asset Management LLC Has $2.17 Million Holdings in Invitation Home $INVH

Key Points

• Rafferty Asset Management LLC reduced its stake in Invitation Home by 17.1%, now holding 62,119 shares valued at approximately $2.17 million.
• CEO Dallas B. Tanner sold 148,749 shares for about $4.97 million, resulting in an 18.79% reduction in his own shareholding.
• Analysts have mixed ratings for Invitation Home, with eight analysts giving it a "buy" and nine a "hold" rating, alongside a current average price target of $36.85.

Rafferty Asset Management LLC lessened its holdings in Invitation Home (NYSE:INVH - Free Report) by 17.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,119 shares of the company's stock after selling 12,850 shares during the quarter. Rafferty Asset Management LLC's holdings in Invitation Home were worth $2,165,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in INVH. Larson Financial Group LLC boosted its holdings in Invitation Home by 1,313.8% in 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. bought a new stake in Invitation Home in the first quarter valued at $37,000. Zions Bancorporation National Association UT bought a new stake in Invitation Home in the first quarter valued at $40,000. North Capital Inc. bought a new stake in Invitation Home in the first quarter valued at $41,000. Finally, SVB Wealth LLC bought a new stake in Invitation Home in the first quarter valued at $58,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Price Performance

Invitation Home stock traded down $0.97 during midday trading on Tuesday, hitting $30.32. The company's stock had a trading volume of 3,425,142 shares, compared to its average volume of 3,324,904. 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 stock's 50-day moving average price is $31.46 and its 200-day moving average price is $32.79. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a market capitalization of $18.59 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last issued 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 net margin of 20.36% and a return on equity of 5.56%. The firm had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. During the same period in the previous year, the business earned $0.47 earnings per share. Invitation Home'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. Analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

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

Insider Buying and Selling

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the sale, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INVH. Wells Fargo & Company cut their target price on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Scotiabank cut their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research note on Thursday, August 28th. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and raised their target price for the company from $35.00 to $38.50 in a research note on Friday, June 6th. The Goldman Sachs Group lifted their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Raymond James Financial lifted their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $36.85.

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.