Fox Run Management L.L.C. Sells 7,816 Shares of Invitation Home $INVH

Fox Run Management L.L.C. reduced its position in shares of Invitation Home (NYSE:INVH) by 31.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 17,094 shares of the company’s stock after selling 7,816 shares during the quarter. Fox Run Management L.L.C.’s holdings in Invitation Home were worth $561,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Horizon Investments LLC increased its position in shares of Invitation Home by 5.0% in the first quarter. Horizon Investments LLC now owns 8,182 shares of the company’s stock valued at $285,000 after acquiring an additional 386 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Invitation Home by 2.5% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company’s stock worth $561,000 after purchasing an additional 399 shares during the last quarter. New England Research & Management Inc. grew its stake in shares of Invitation Home by 0.9% in the second quarter. New England Research & Management Inc. now owns 46,214 shares of the company’s stock worth $1,516,000 after purchasing an additional 400 shares during the last quarter. State of Michigan Retirement System increased its holdings in Invitation Home by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 155,000 shares of the company’s stock valued at $5,084,000 after purchasing an additional 400 shares during the period. Finally, Commerce Bank raised its position in Invitation Home by 4.2% during the 1st quarter. Commerce Bank now owns 10,197 shares of the company’s stock valued at $355,000 after purchasing an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INVH shares. Wells Fargo & Company reduced their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Evercore ISI dropped their target price on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Keefe, Bruyette & Woods cut their target price on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. raised shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target for the company in a research note on Friday, October 17th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.16.

Invitation Home Stock Up 2.2%

INVH stock opened at $28.65 on Wednesday. The business has a 50 day moving average of $28.94 and a 200 day moving average of $31.28. The firm has a market cap of $17.56 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81. Invitation Home has a twelve month low of $27.38 and a twelve month high of $35.80. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The business had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. During the same period in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s dividend payout ratio is 122.11%.

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.