Resolution Capital Ltd Buys 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 grew its holdings in Invitation Home (NYSE:INVH - Free Report) by 24.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,456,230 shares of the company's stock after acquiring an additional 1,273,244 shares during the quarter. Invitation Home accounts for about 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.

Several other institutional investors have also modified their holdings of the business. Toronto Dominion Bank increased its stake in Invitation Home by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after purchasing an additional 19,084 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Invitation Home in the fourth quarter valued at approximately $338,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after acquiring an additional 1,268 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Invitation Home by 2.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock worth $199,732,000 after acquiring an additional 134,012 shares during the period. Finally, FORA Capital LLC bought a new stake in Invitation Home in the 4th quarter valued at $265,000. Institutional investors own 96.79% of the company's stock.

Insider Transactions at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Invitation Home Stock Up 2.0%

INVH traded up $0.60 during trading on Thursday, reaching $30.61. 2,803,343 shares of the stock were exchanged, compared to its average volume of 3,337,885. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The stock's 50 day moving average price is $31.15 and its two-hundred day moving average price is $32.72. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.24. The stock has a market cap of $18.76 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 3.03 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting analysts' consensus estimates of $0.48. The company had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Equities analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's payout ratio is 131.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on INVH shares. Royal Bank Of Canada reduced their target price on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Wells Fargo & Company cut their price target on 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 decreased their price objective on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a report on Thursday, August 28th. Barclays cut their target price on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Finally, Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and upped their price target for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $36.85.

Invitation Home Company 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.