Uniplan Investment Counsel Inc. Sells 20,876 Shares of Invitation Home $INVH

Key Points

• Uniplan Investment Counsel Inc. reduced its holdings in Invitation Home by 7.0% during the 1st quarter, selling 20,876 shares and retaining 276,657 shares valued at approximately $9.64 million.
• Invitation Home declared a quarterly dividend of $0.29 per share, resulting in an annualized yield of 3.8%, despite a payout ratio of 131.82%.
• Multiple analysts adjusted their price targets for Invitation Home, with Barclays setting a new target of $37.00 while others have rated it as “buy” or “hold” based on recent performance and market conditions.

Uniplan Investment Counsel Inc. reduced its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,657 shares of the company's stock after selling 20,876 shares during the quarter. Uniplan Investment Counsel Inc.'s holdings in Invitation Home were worth $9,642,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of INVH. Larson Financial Group LLC increased its position in shares of Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after purchasing an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in Invitation Home in the first quarter valued at about $37,000. Zions Bancorporation National Association UT bought a new position in shares of Invitation Home during the 1st quarter valued at approximately $40,000. North Capital Inc. purchased a new stake in shares of Invitation Home during the 1st quarter worth approximately $41,000. Finally, SVB Wealth LLC purchased a new stake in shares of Invitation Home during the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Barclays decreased their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Royal Bank Of Canada decreased their price target 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. Scotiabank decreased their price target on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a research note on Thursday, August 28th. Finally, 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. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Invitation Home currently has an average rating of "Hold" and an average target price of $36.85.

Invitation Home Stock Performance

Invitation Home stock traded down $0.38 during mid-day trading on Friday, reaching $30.25. The company's stock had a trading volume of 1,444,911 shares, compared to its average volume of 3,326,565. The firm's fifty day moving average price is $31.11 and its two-hundred day moving average price is $32.71. The company has a market capitalization of $18.54 billion, a P/E ratio of 34.38, a PEG ratio of 3.00 and a beta of 0.82. 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 has a 12-month low of $29.37 and a 12-month high of $37.24.

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

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. Invitation Home's dividend payout ratio is currently 131.82%.

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.