Invitation Home $INVH Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Invitation Home (NYSE:INVH) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,422 shares of the company’s stock after purchasing an additional 3,340 shares during the quarter. Teacher Retirement System of Texas’ holdings in Invitation Home were worth $2,900,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Invitation Home by 1,019.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock valued at $214,415,000 after buying an additional 5,603,077 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Invitation Home in the 1st quarter worth approximately $148,870,000. Woodline Partners LP grew its holdings in shares of Invitation Home by 4,762.6% in the 1st quarter. Woodline Partners LP now owns 1,656,651 shares of the company’s stock worth $57,734,000 after acquiring an additional 1,622,582 shares during the period. Resolution Capital Ltd increased its stake in Invitation Home by 24.6% in the 1st quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company’s stock valued at $225,000,000 after purchasing an additional 1,273,244 shares in the last quarter. Finally, Aberdeen Group plc increased its stake in Invitation Home by 301.7% in the 1st quarter. Aberdeen Group plc now owns 1,479,359 shares of the company’s stock valued at $51,563,000 after purchasing an additional 1,111,095 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH opened at $28.17 on Friday. Invitation Home has a 1 year low of $27.38 and a 1 year high of $35.80. The company’s 50 day simple moving average is $29.31 and its 200 day simple moving average is $31.56. The company has a market capitalization of $17.27 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.02 and a current ratio of 0.03.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The firm had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. During the same period in the previous year, the company earned $0.47 EPS. Invitation Home’s revenue for the quarter was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, sell-side analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho dropped their price target on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Barclays dropped their target price on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Royal Bank Of Canada reduced their price target on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price objective on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Monday, October 13th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Invitation Home currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.78.

About Invitation Home

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.