Teacher Retirement System of Texas Has $3.84 Million Position in Invitation Home $INVH

Teacher Retirement System of Texas increased its position in shares of Invitation Home (NYSE:INVH) by 48.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,927 shares of the company’s stock after buying an additional 42,505 shares during the quarter. Teacher Retirement System of Texas’ holdings in Invitation Home were worth $3,840,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio grew its stake in shares of Invitation Home by 12.1% during the 3rd quarter. Strs Ohio now owns 983,834 shares of the company’s stock worth $28,856,000 after acquiring an additional 106,271 shares in the last quarter. Rakuten Investment Management Inc. acquired a new position in Invitation Home during the third quarter worth $1,983,000. Jackson Thornton Wealth Management LLC bought a new position in Invitation Home in the third quarter valued at $202,000. Allstate Corp increased its stake in Invitation Home by 178.0% in the 3rd quarter. Allstate Corp now owns 37,857 shares of the company’s stock valued at $1,110,000 after buying an additional 24,241 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in Invitation Home by 4.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 29,929 shares of the company’s stock worth $878,000 after buying an additional 1,325 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INVH. Weiss Ratings restated a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. UBS Group set a $40.00 price target on Invitation Home in a research report on Wednesday, January 21st. Barclays restated an “overweight” rating and issued a $33.00 price target on shares of Invitation Home in a research note on Tuesday, January 13th. Bank of America dropped their price objective on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Citigroup reissued a “market outperform” rating on shares of Invitation Home in a research note on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.70.

Invitation Home Stock Performance

Shares of NYSE INVH opened at $26.77 on Wednesday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a 12 month low of $25.29 and a 12 month high of $35.80. The stock has a 50 day moving average of $27.29 and a 200-day moving average of $28.89. The company has a market capitalization of $16.41 billion, a P/E ratio of 28.17, a P/E/G ratio of 2.93 and a beta of 0.83.

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, meeting 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 for the quarter, compared to analysts’ expectations of $679.41 million. During the same quarter in the prior year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Invitation Home’s payout ratio is currently 126.32%.

Invitation Home Company 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.