Van Lanschot Kempen Investment Management N.V. Sells 105,153 Shares of Invitation Home $INVH

Key Points

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Van Lanschot Kempen Investment Management N.V. cut its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,400,045 shares of the company's stock after selling 105,153 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 0.23% of Invitation Home worth $48,792,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after buying an additional 854 shares during the period. GKV Capital Management Co. Inc. acquired a new position in Invitation Home in the first quarter valued at about $37,000. Zions Bancorporation National Association UT acquired a new position in Invitation Home in the first quarter valued at about $40,000. North Capital Inc. acquired a new position in Invitation Home in the first quarter valued at about $41,000. Finally, Avalon Trust Co acquired a new position in Invitation Home in the first quarter valued at about $63,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Stock Performance

INVH stock traded up $0.6540 during mid-day trading on Friday, hitting $31.2340. 3,909,098 shares of the company were exchanged, compared to its average volume of 4,104,455. The business has a 50 day simple moving average of $31.85 and a 200-day simple moving average of $32.83. 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 $19.15 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 3.20 and a beta of 0.78. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The firm 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 business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, equities analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, June 26th. Invitation Home's payout ratio is presently 131.82%.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred on Friday, June 13th. The shares were 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 in the company, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods cut their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada dropped their price objective on 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. Oppenheimer raised their price objective on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised their price objective on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Scotiabank raised their price objective on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $37.26.

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.