Invitation Home $INVH Shares Sold by Aew Capital Management L P

Aew Capital Management L P lowered its position in shares of Invitation Home (NYSE:INVH) by 15.0% in the first quarter, Holdings Channel.com reports. The fund owned 645,845 shares of the company’s stock after selling 114,100 shares during the quarter. Invitation Home makes up approximately 1.1% of Aew Capital Management L P’s portfolio, making the stock its 24th biggest holding. Aew Capital Management L P’s holdings in Invitation Home were worth $22,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Invitation Home by 0.9% during the first quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company’s stock valued at $3,286,595,000 after acquiring an additional 829,212 shares during the last quarter. Northern Trust Corp lifted its stake in Invitation Home by 27.3% in the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company’s stock worth $218,060,000 after purchasing an additional 1,463,236 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Invitation Home by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company’s stock worth $232,251,000 after purchasing an additional 65,843 shares in the last quarter. Nuveen LLC purchased a new position in Invitation Home in the 1st quarter worth approximately $148,870,000. Finally, Ameriprise Financial Inc. lifted its stake in Invitation Home by 36.5% in the 4th quarter. Ameriprise Financial Inc. now owns 3,969,533 shares of the company’s stock worth $123,634,000 after purchasing an additional 1,060,805 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on INVH. Barclays decreased their target price on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Scotiabank raised their target price on shares of Invitation Home from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Raymond James Financial raised their target price on shares of Invitation Home from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Citigroup raised shares of Invitation Home from a “neutral” rating to a “buy” rating and raised their target price for the stock from $35.00 to $38.50 in a research note on Friday, June 6th. Finally, Oppenheimer raised their target price on shares of Invitation Home from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.26.

Invitation Home Stock Up 2.1%

INVH stock opened at $31.2340 on Friday. The firm has a market cap of $19.15 billion, a PE ratio of 35.49, a PEG ratio of 3.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The firm’s 50 day moving average price is $31.85 and its 200-day moving average price is $32.82. Invitation Home has a one year low of $29.37 and a one year high of $37.80.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, equities research analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home’s payout ratio is presently 131.82%.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer owned 642,973 shares of the company’s stock, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

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.