Strs Ohio Acquires New Stake in Invitation Home $INVH

Key Points

• Strs Ohio has made a significant investment in Invitation Home, purchasing over 1 million shares valued at approximately $37.5 million, thereby owning about 0.18% of the company.
• Invitation Home reported quarterly earnings of $0.48 EPS, meeting analysts' expectations, with a revenue growth of 4.3% year-over-year.
• Analysts have diverse views on Invitation Home, with a consensus rating of "Hold" and an average target price set at $36.85.

Strs Ohio bought a new position in Invitation Home (NYSE:INVH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,077,331 shares of the company's stock, valued at approximately $37,545,000. Strs Ohio owned about 0.18% of Invitation Home as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Focus Partners Wealth purchased a new position in Invitation Home during the 4th quarter valued at about $1,663,000. Gotham Asset Management LLC lifted its holdings in shares of 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Invitation Home during the 4th quarter valued at about $2,715,000. Finally, Mufg Securities Americas Inc. acquired a new stake in shares of Invitation Home during the 4th quarter valued at about $269,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their price target for the company from $35.00 to $38.50 in a report on Friday, June 6th. Royal Bank Of Canada lowered their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Scotiabank reduced their price objective on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a research report on Thursday, August 28th. Finally, Wells Fargo & Company reduced their price objective on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.47.

Invitation Home Trading Up 0.6%

Invitation Home stock traded up $0.18 during mid-day trading on Wednesday, hitting $29.71. The stock had a trading volume of 1,238,587 shares, compared to its average volume of 3,350,729. Invitation Home has a 12 month low of $29.37 and a 12 month high of $36.75. The stock has a 50-day simple moving average of $30.95 and a two-hundred day simple moving average of $32.65. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $18.21 billion, a PE ratio of 33.76, a P/E/G ratio of 2.96 and a beta of 0.82.

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, meeting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The firm had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, sell-side analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. Invitation Home's payout ratio is 131.82%.

About Invitation Home

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.