Resolution Capital Ltd Purchases 1,273,244 Shares of Invitation Home $INVH

Key Points

• Resolution Capital Ltd increased its stake in Invitation Home by 24.6%, acquiring a total of 6,456,230 shares, making it around 4.4% of its investment portfolio.
• Invitation Home reported a quarterly EPS of $0.48, matching analysts' estimates, and achieved revenue of $681.40 million, exceeding expectations.
• The company recently announced a quarterly dividend of $0.29 per share, indicating a 3.8% yield based on its annualized payout.

Resolution Capital Ltd increased its position in Invitation Home (NYSE:INVH - Free Report) by 24.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,456,230 shares of the company's stock after purchasing an additional 1,273,244 shares during the period. Invitation Home makes up 4.4% of Resolution Capital Ltd's investment portfolio, making the stock its 11th largest holding. Resolution Capital Ltd owned about 1.05% of Invitation Home worth $225,000,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of INVH. Nuveen LLC bought a new position in shares of Invitation Home in the 1st quarter worth $148,870,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Invitation Home in the 4th quarter worth $67,743,000. Aberdeen Group plc lifted its holdings in shares of Invitation Home by 301.7% in the 1st quarter. Aberdeen Group plc now owns 1,479,359 shares of the company's stock worth $51,563,000 after purchasing an additional 1,111,095 shares in the last quarter. Millennium Management LLC lifted its stake in Invitation Home by 753.2% during the 1st quarter. Millennium Management LLC now owns 1,101,958 shares of the company's stock valued at $38,403,000 after acquiring an additional 972,795 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Invitation Home by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock worth $3,286,595,000 after acquiring an additional 829,212 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

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 sale, the chief executive officer directly 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 document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

INVH has been the topic of a number of analyst reports. Barclays cut their price objective on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company cut their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Scotiabank cut their price objective on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Finally, Royal Bank Of Canada cut their price objective on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Invitation Home has a consensus rating of "Hold" and a consensus target price of $36.85.

Invitation Home Stock Performance

Shares of NYSE INVH traded up $0.18 during mid-day trading on Tuesday, reaching $30.28. 2,833,817 shares of the company's stock were exchanged, compared to its average volume of 3,499,577. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 3.01 and a beta of 0.82. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a 50-day moving average price of $31.20 and a two-hundred day moving average price of $32.74.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. The company had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The firm also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, June 26th. Invitation Home's payout ratio is presently 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.