Texas Permanent School Fund Corp Sells 23,671 Shares of Invitation Home $INVH

by · The Cerbat Gem

Texas Permanent School Fund Corp cut its stake in shares of Invitation Home (NYSE:INVH – Free Report) by 37.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,407 shares of the company’s stock after selling 23,671 shares during the period. Texas Permanent School Fund Corp’s holdings in Invitation Home were worth $1,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New England Research & Management Inc. grew its holdings 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 acquiring an additional 400 shares during the period. State of Michigan Retirement System boosted its position in Invitation Home by 0.3% in the second quarter. State of Michigan Retirement System now owns 155,000 shares of the company’s stock worth $5,084,000 after purchasing an additional 400 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Invitation Home by 49.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock valued at $42,000 after purchasing an additional 421 shares during the period. Virtus Investment Advisers LLC grew its stake in shares of Invitation Home by 9.0% during the 2nd quarter. Virtus Investment Advisers LLC now owns 5,086 shares of the company’s stock valued at $167,000 after purchasing an additional 422 shares during the period. Finally, Rothschild Investment LLC increased its position in shares of Invitation Home by 11.8% during the 2nd quarter. Rothschild Investment LLC now owns 4,127 shares of the company’s stock valued at $135,000 after purchasing an additional 436 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Home Stock Down 1.6%

INVH opened at $26.91 on Wednesday. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.69 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. The firm’s fifty day moving average is $27.86 and its 200 day moving average is $29.91. Invitation Home has a fifty-two week low of $26.02 and a fifty-two week high of $35.80.

Invitation Home (NYSE:INVH – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $679.41 million. During the same quarter in the prior year, the business posted $0.47 EPS. Invitation Home’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, sell-side analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, December 23rd will be paid a dividend of $0.30 per share. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $1.20 annualized dividend and a yield of 4.5%. Invitation Home’s dividend payout ratio is 122.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Mizuho decreased their price target on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Morgan Stanley dropped their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Royal Bank Of Canada reduced their price objective on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Oppenheimer set a $38.00 target price on Invitation Home and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Invitation Home has an average rating of “Hold” and a consensus target price of $34.59.

Get Our Latest Analysis on INVH

Invitation Home Company Profile

(Free Report)

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.

Further Reading

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