National Pension Service Decreases Holdings in Invitation Home $INVH

National Pension Service cut its stake in shares of Invitation Home (NYSE:INVH) by 96.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,435 shares of the company’s stock after selling 918,428 shares during the period. National Pension Service’s holdings in Invitation Home were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its stake in Invitation Home by 1.3% during the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after buying an additional 462,379 shares during the last quarter. Geode Capital Management LLC raised its stake in Invitation Home by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $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 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after purchasing an additional 1,168,113 shares in the last quarter. Invesco Ltd. increased its stake in shares of Invitation Home by 7.5% in the 3rd quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock worth $370,227,000 after purchasing an additional 877,491 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Invitation Home by 28.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,884,278 shares of the company’s stock worth $201,920,000 after purchasing an additional 1,516,886 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

Several equities research analysts have recently commented on the company. Citizens Jmp reduced their price objective on Invitation Home from $40.00 to $35.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. Raymond James Financial upgraded Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, May 18th. Wall Street Zen upgraded Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Invitation Home in a research note on Friday, March 27th. Finally, UBS Group reduced their price objective 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. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Invitation Home presently has an average rating of “Hold” and a consensus price target of $31.50.

Invitation Home Stock Down 0.4%

INVH opened at $29.13 on Tuesday. The firm has a 50-day simple moving average of $27.21 and a two-hundred day simple moving average of $26.99. Invitation Home has a 52 week low of $24.25 and a 52 week high of $34.25. The company has a market capitalization of $17.30 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 3.44 and a beta of 0.85. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50.

Invitation Home (NYSE:INVH) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $689.92 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Analysts forecast that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, March 26th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 26th. Invitation Home’s dividend payout ratio is 126.32%.

Invitation Home Company 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.