Invitation Home $INVH Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board trimmed its position in shares of Invitation Home (NYSE:INVH) by 8.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,436,151 shares of the company’s stock after selling 1,299,673 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Invitation Home were worth $503,100,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in INVH. Nuveen LLC purchased a new position in shares of Invitation Home in the first quarter worth about $148,870,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Invitation Home in the 4th quarter valued at about $67,743,000. 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. BNP Paribas Financial Markets lifted its stake in Invitation Home by 110.1% in the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company’s stock worth $69,004,000 after purchasing an additional 1,131,029 shares in the last quarter. Finally, Aberdeen Group plc boosted its holdings in shares of Invitation Home by 301.7% during the 1st quarter. Aberdeen Group plc now owns 1,479,359 shares of the company’s stock worth $51,563,000 after purchasing an additional 1,111,095 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Performance

NYSE INVH opened at $30.95 on Friday. The stock has a fifty day simple moving average of $31.63 and a 200-day simple moving average of $32.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $18.97 billion, a PE ratio of 35.17, a P/E/G ratio of 3.09 and a beta of 0.78. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80.

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

Invitation Home Dividend Announcement

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

Insider Buying and Selling at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the 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 completion of the transaction, the chief executive officer owned 642,973 shares of the company’s stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

INVH has been the topic of a number of recent research reports. Royal Bank Of Canada lowered their price objective on Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Scotiabank reduced their price target on Invitation Home from $38.00 to $36.00 and set a “sector performer” rating on the stock in a report on Thursday. Oppenheimer boosted their price target on shares of Invitation Home from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Barclays reduced 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. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Invitation Home currently has an average rating of “Hold” and an average price target of $36.85.

Invitation Home 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.