Strs Ohio Sells 199,768 Shares of Invitation Home $INVH

Strs Ohio trimmed its holdings in Invitation Home (NYSE:INVH) by 18.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 877,563 shares of the company’s stock after selling 199,768 shares during the quarter. Strs Ohio owned about 0.14% of Invitation Home worth $28,784,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of INVH. Harbor Capital Advisors Inc. bought a new stake in shares of Invitation Home in the second quarter worth $30,000. Larson Financial Group LLC grew its stake in shares of Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after purchasing an additional 854 shares during the period. GKV Capital Management Co. Inc. bought a new stake in shares of Invitation Home during the 1st quarter valued at about $37,000. Zions Bancorporation National Association UT bought a new stake in shares of Invitation Home during the 1st quarter valued at about $40,000. Finally, North Capital Inc. bought a new stake in shares of Invitation Home during the 1st quarter valued at about $41,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INVH. Royal Bank Of Canada cut their price target on Invitation Home from $35.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Mizuho cut their price target on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Barclays cut their price target on Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company cut their price target on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 13th. Finally, Keefe, Bruyette & Woods cut their price target on Invitation Home from $37.00 to $33.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Invitation Home currently has an average rating of “Moderate Buy” and a consensus price target of $35.97.

Invitation Home Trading Up 3.4%

INVH stock opened at $28.42 on Friday. Invitation Home has a 1-year low of $27.38 and a 1-year high of $35.80. 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 capitalization 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 business has a 50 day simple moving average of $29.37 and a two-hundred day simple moving average of $31.60.

Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. Invitation Home had a return on equity of 6.01% and a net margin of 21.70%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Research analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s payout ratio is presently 122.11%.

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.