SCS Capital Management LLC Acquires Shares of 17,326 Invitation Home $INVH

Key Points

• SCS Capital Management LLC has taken a new position in Invitation Home ($INVH) with an investment of approximately $604,000, acquiring 17,326 shares in the 1st quarter.
• Invitation Home recently announced a quarterly dividend of $0.29 per share, with an annualized payout of $1.16 and a yield of 3.9%, despite a payout ratio of 131.82%.
• Invitation Home's CEO, Dallas B. Tanner, sold 148,749 shares at an average price of $33.41, representing an 18.79% decrease in his ownership, leaving him with 642,973 shares valued at approximately $21.48 million.

SCS Capital Management LLC bought a new stake in shares of Invitation Home (NYSE:INVH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,326 shares of the company's stock, valued at approximately $604,000.

A number of other hedge funds have also added to or reduced their stakes in INVH. Focus Partners Wealth purchased a new position in Invitation Home during the 4th quarter valued at about $1,663,000. Gotham Asset Management LLC grew its holdings in Invitation Home by 177.6% during the 4th quarter. Gotham Asset Management LLC now owns 45,702 shares of the company's stock valued at $1,461,000 after buying an additional 29,241 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Invitation Home by 0.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109,180 shares of the company's stock valued at $3,490,000 after buying an additional 512 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Invitation Home during the 4th quarter valued at about $2,715,000. Finally, Mufg Securities Americas Inc. purchased a new position in Invitation Home during the 4th quarter valued at about $269,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Home Price Performance

NYSE:INVH traded down $0.42 during mid-day trading on Friday, reaching $30.20. The stock had a trading volume of 4,652,180 shares, compared to its average volume of 3,427,846. The firm has a 50 day moving average price of $31.06 and a two-hundred day moving average price of $32.70. The stock has a market capitalization of $18.51 billion, a P/E ratio of 34.32, a P/E/G ratio of 3.06 and a beta of 0.82. Invitation Home has a one year low of $29.37 and a one year high of $37.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02.

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

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be given a $0.29 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.16 annualized dividend and a yield of 3.8%. Invitation Home's payout ratio is presently 131.82%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank Of Canada cut their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Barclays cut their price objective on Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Keefe, Bruyette & Woods cut their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Wells Fargo & Company cut their price objective on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Finally, Scotiabank cut 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. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.