Texas Permanent School Fund Corp Sells 23,671 Shares of Invitation Home $INVH

Texas Permanent School Fund Corp lowered its position in Invitation Home (NYSE:INVH) by 37.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,407 shares of the company’s stock after selling 23,671 shares during the period. Texas Permanent School Fund Corp’s holdings in Invitation Home were worth $1,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in INVH. Osaic Holdings Inc. grew its stake in Invitation Home by 47.9% in the second quarter. Osaic Holdings Inc. now owns 11,098 shares of the company’s stock worth $365,000 after purchasing an additional 3,596 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of Invitation Home by 14.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 18,884 shares of the company’s stock valued at $619,000 after buying an additional 2,354 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Invitation Home by 130.7% during the 2nd quarter. Squarepoint Ops LLC now owns 35,288 shares of the company’s stock valued at $1,157,000 after buying an additional 19,990 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Invitation Home by 53.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 82,959 shares of the company’s stock worth $2,721,000 after buying an additional 28,885 shares during the period. Finally, State of Wyoming bought a new stake in Invitation Home during the second quarter worth about $183,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH opened at $26.91 on Wednesday. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 2.69 and a beta of 0.83. The business’s fifty day simple moving average is $27.86 and its two-hundred day simple moving average is $29.91. Invitation Home has a 12 month low of $26.02 and a 12 month high of $35.80. 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 (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) 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 firm had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. During the same period in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Research analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd will be paid a $0.30 dividend. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, December 23rd. Invitation Home’s dividend payout ratio (DPR) is presently 122.11%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INVH. Mizuho lowered their target price on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Scotiabank cut their price target on 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. Barclays lowered their price objective on Invitation Home from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Bank of America dropped their target price on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. reduced their price target on Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.59.

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.