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

Several other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Invitation Home by 1,019.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company's stock valued at $214,415,000 after buying an additional 5,603,077 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Invitation Home by 4,762.6% during the first quarter. Woodline Partners LP now owns 1,656,651 shares of the company's stock valued at $57,734,000 after buying an additional 1,622,582 shares during the last quarter. Empowered Funds LLC lifted its position in Invitation Home by 10.7% during the first quarter. Empowered Funds LLC now owns 13,324 shares of the company's stock valued at $464,000 after purchasing an additional 1,290 shares during the period. MBB Public Markets I LLC acquired a new position in Invitation Home during the first quarter valued at $326,000. Finally, Presima Securities ULC lifted its position in Invitation Home by 10.6% during the first quarter. Presima Securities ULC now owns 793,719 shares of the company's stock valued at $27,661,000 after purchasing an additional 75,779 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on INVH shares. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and boosted their target price for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Barclays decreased their target price on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Keefe, Bruyette & Woods decreased their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Royal Bank Of Canada lowered their target price 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. Finally, Scotiabank lowered their target price on shares of 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. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.47.

Invitation Home Stock Performance

Shares of INVH traded down $0.16 during midday trading on Tuesday, reaching $29.50. 1,440,407 shares of the stock were exchanged, compared to its average volume of 3,344,269. The business's 50-day moving average price is $31.01 and its 200 day moving average price is $32.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a twelve month low of $29.37 and a twelve month high of $36.79. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 3.02 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. The business 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 was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, sell-side analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 25th. Invitation Home's payout ratio is currently 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.