Strs Ohio lessened its holdings in shares of Invitation Home (NYSE:INVH – Free Report) by 19.9% in the first quarter, Holdings Channel.com reports. The firm owned 850,238 shares of the company’s stock after selling 210,922 shares during the period. Strs Ohio’s holdings in Invitation Home were worth $21,128,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of INVH. Norges Bank acquired a new position in shares of Invitation Home in the 4th quarter valued at approximately $1,438,952,000. State Street Corp grew its position in shares of Invitation Home by 1.3% during the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after buying an additional 462,379 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Invitation Home by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock worth $468,997,000 after buying an additional 203,474 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Invitation Home by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after buying an additional 1,168,113 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Invitation Home by 7.5% in the third quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock valued at $370,227,000 after acquiring an additional 877,491 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Compass Point started coverage on shares of Invitation Home in a research note on Tuesday, April 28th. They set a “neutral” rating and a $30.00 price objective on the stock. Mizuho boosted their target price on shares of Invitation Home from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Keefe, Bruyette & Woods upped their target price on shares of Invitation Home from $28.00 to $29.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Barclays increased their price target on shares of Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, UBS Group decreased their price target on Invitation Home from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.11.
Invitation Home Trading Down 0.0%
Invitation Home stock opened at $30.52 on Friday. Invitation Home has a 1 year low of $24.25 and a 1 year high of $32.81. The firm’s 50-day moving average is $29.06 and its 200-day moving average is $27.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $18.13 billion, a P/E ratio of 32.12, a PEG ratio of 3.58 and a beta of 0.84.
Invitation Home (NYSE:INVH – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $689.91 million. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts expect that Invitation Home will post 1.89 earnings per share for the current year.
Invitation Home Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. Invitation Home’s dividend payout ratio is 126.32%.
Invitation Home Profile
Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.
Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.
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