Invitation Home $INVH Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Invitation Home (NYSE:INVH) by 46.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 118,264 shares of the company’s stock after selling 101,253 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Invitation Home were worth $3,508,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Invitation Home by 0.8% during the second quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock valued at $3,116,862,000 after acquiring an additional 719,365 shares in the last quarter. Norges Bank purchased a new stake in Invitation Home in the 2nd quarter worth approximately $1,693,992,000. State Street Corp grew its stake in shares of Invitation Home by 1.3% during the 2nd quarter. State Street Corp now owns 36,159,024 shares of the company’s stock worth $1,196,334,000 after purchasing an additional 460,747 shares during the period. Geode Capital Management LLC increased its holdings in shares of Invitation Home by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 15,855,732 shares of the company’s stock valued at $518,018,000 after purchasing an additional 309,953 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Invitation Home by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,319,490 shares of the company’s stock valued at $436,880,000 after purchasing an additional 514,100 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Up 0.6%

INVH opened at $26.66 on Tuesday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a twelve month low of $25.29 and a twelve month high of $35.80. The company has a market cap of $16.34 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.50 and a beta of 0.83. The company has a 50-day moving average price of $27.54 and a 200 day moving average price of $29.31.

Invitation Home (NYSE:INVH) last announced its earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Sell-side analysts expect 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. Shareholders 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 presently 126.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Morgan Stanley lowered 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 report on Thursday, November 13th. Scotiabank lowered their target price on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Mizuho restated a “neutral” rating and issued a $27.00 price target (down previously from $30.00) on shares of Invitation Home in a research note on Thursday, January 8th. Keefe, Bruyette & Woods reduced their price target on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Finally, Evercore ISI lowered their price target on Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Invitation Home has a consensus rating of “Hold” and a consensus target price of $34.53.

Invitation Home 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.