Strs Ohio Cuts Stake in Invitation Home $INVH

Strs Ohio lowered its position in shares of Invitation Home (NYSE:INVH) by 18.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 877,563 shares of the company’s stock after selling 199,768 shares during the period. Strs Ohio’s holdings in Invitation Home were worth $28,784,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Impact Partnership Wealth LLC bought a new stake in Invitation Home during the second quarter valued at about $391,000. Assetmark Inc. lifted its holdings in shares of Invitation Home by 43.2% during the second quarter. Assetmark Inc. now owns 3,614 shares of the company’s stock worth $119,000 after purchasing an additional 1,090 shares during the period. Motco lifted its holdings in shares of Invitation Home by 11.1% during the second quarter. Motco now owns 5,065 shares of the company’s stock worth $155,000 after purchasing an additional 506 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of Invitation Home by 1.3% during the second quarter. New York Life Investment Management LLC now owns 85,371 shares of the company’s stock worth $2,800,000 after purchasing an additional 1,112 shares during the period. Finally, Tevis Investment Management lifted its holdings in shares of Invitation Home by 2.9% during the second quarter. Tevis Investment Management now owns 146,241 shares of the company’s stock worth $4,839,000 after purchasing an additional 4,086 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Home Trading Up 3.4%

Shares of INVH stock opened at $28.42 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.75 and a beta of 0.81. The stock has a 50 day simple moving average of $29.37 and a 200-day simple moving average of $31.60. Invitation Home has a 1-year low of $27.38 and a 1-year high of $35.80.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Invitation Home had a return on equity of 6.01% and a net margin of 21.70%.The firm had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue 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, equities research analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The firm 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 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 dividend payout ratio (DPR) is presently 122.11%.

Analyst Upgrades and Downgrades

INVH has been the topic of several analyst reports. Scotiabank cut their price target 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. Mizuho cut their price target on Invitation Home from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Evercore ISI decreased their price target on Invitation Home from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, October 13th. Wells Fargo & Company decreased their price target on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday, October 13th. Finally, Keefe, Bruyette & Woods decreased their price target on Invitation Home from $37.00 to $33.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.97.

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.