VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 283,560 Invitation Home $INVH

Key Points

• Virginia Retirement Systems has acquired a significant stake in Invitation Home, purchasing 283,560 shares valued at approximately $9.3 million during the second quarter.
• Wall Street analysts have mixed reviews on Invitation Home, with Wells Fargo lowering its price target to $31, while JPMorgan upgraded it to $38, resulting in a consensus rating of "Moderate Buy."
• Invitation Home recently announced a quarterly dividend of $0.29, reflecting a dividend yield of 4.1%, although its payout ratio stands at 131.82%.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Invitation Home (NYSE:INVH - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 283,560 shares of the company's stock, valued at approximately $9,301,000.

A number of other institutional investors have also recently modified their holdings of INVH. GAMMA Investing LLC boosted its stake in shares of Invitation Home by 23.0% in the first quarter. GAMMA Investing LLC now owns 4,996 shares of the company's stock valued at $174,000 after buying an additional 934 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Invitation Home by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after buying an additional 1,268 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Invitation Home by 104.3% in the first quarter. Blue Trust Inc. now owns 4,130 shares of the company's stock valued at $144,000 after buying an additional 2,108 shares in the last quarter. Kentucky Retirement Systems boosted its stake in shares of Invitation Home by 6.7% in the first quarter. Kentucky Retirement Systems now owns 41,776 shares of the company's stock valued at $1,456,000 after buying an additional 2,626 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Invitation Home in the first quarter valued at approximately $620,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INVH has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price target on Invitation Home from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Monday, October 13th. JPMorgan Chase & Co. upgraded Invitation Home from a "neutral" rating to an "overweight" rating and set a $38.00 target price on the stock in a research report on Friday. Keefe, Bruyette & Woods decreased their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Scotiabank decreased their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research report on Thursday, August 28th. Finally, Barclays decreased their target price on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Invitation Home currently has a consensus rating of "Moderate Buy" and an average target price of $36.34.

Invitation Home Stock Up 0.2%

INVH opened at $28.57 on Tuesday. The business's fifty day moving average is $29.66 and its two-hundred day moving average is $31.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.85 and a beta of 0.81. Invitation Home has a one year low of $27.71 and a one year high of $35.80.

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

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home's payout ratio is 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.

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