Public Employees Retirement System of Ohio Cuts Stock Position in Invitation Home $INVH

Public Employees Retirement System of Ohio decreased its position in shares of Invitation Home (NYSE:INVH) by 9.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 897,707 shares of the company’s stock after selling 89,660 shares during the period. Public Employees Retirement System of Ohio’s holdings in Invitation Home were worth $22,308,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Lasalle Investment Management Securities LLC increased its stake in Invitation Home by 10.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 668,065 shares of the company’s stock worth $16,601,000 after purchasing an additional 62,577 shares during the period. First Trust Advisors LP boosted its stake in shares of Invitation Home by 2.7% in the first quarter. First Trust Advisors LP now owns 1,454,904 shares of the company’s stock valued at $36,154,000 after purchasing an additional 38,837 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in shares of Invitation Home in the first quarter valued at approximately $334,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Invitation Home by 143.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 39,401 shares of the company’s stock valued at $979,000 after purchasing an additional 23,196 shares during the period. Finally, Meeder Advisory Services Inc. grew its holdings in shares of Invitation Home by 13.8% in the first quarter. Meeder Advisory Services Inc. now owns 11,145 shares of the company’s stock valued at $277,000 after purchasing an additional 1,353 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on INVH. Wall Street Zen raised shares of Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Compass Point raised shares of Invitation Home to a “hold” rating in a research report on Thursday, July 9th. Royal Bank Of Canada boosted their price target on shares of Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Raymond James Financial raised Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, May 18th. Finally, UBS Group increased their price objective on Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Invitation Home currently has a consensus rating of “Hold” and a consensus target price of $32.47.

Invitation Home Stock Up 1.1%

Shares of NYSE:INVH opened at $29.77 on Friday. The firm’s 50 day moving average price is $29.55 and its 200 day moving average price is $27.58. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 3.49 and a beta of 0.84. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $32.27. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50.

Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The company had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $689.91 million. During the same quarter in the previous year, the business posted $0.48 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, equities research analysts predict that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Invitation Home’s payout ratio is presently 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.