Illinois Municipal Retirement Fund Buys 100,458 Shares of Invitation Home $INVH

Illinois Municipal Retirement Fund boosted its position in shares of Invitation Home (NYSE:INVH) by 45.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 322,504 shares of the company’s stock after buying an additional 100,458 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Invitation Home worth $10,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in INVH. Pallas Capital Advisors LLC acquired a new position in Invitation Home in the second quarter valued at about $432,000. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Invitation Home by 2.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company’s stock valued at $199,732,000 after acquiring an additional 134,012 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Invitation Home by 0.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock valued at $2,084,000 after acquiring an additional 533 shares during the period. Jump Financial LLC bought a new position in Invitation Home during the 1st quarter worth approximately $329,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Invitation Home by 220.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,966 shares of the company’s stock worth $720,000 after acquiring an additional 15,106 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Oppenheimer set a $38.00 target price on Invitation Home and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Barclays decreased their target price on Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Evercore ISI dropped their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. upgraded Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a report on Friday, October 17th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.16.

Invitation Home Stock Performance

Shares of INVH opened at $28.07 on Tuesday. Invitation Home has a 12 month low of $27.38 and a 12 month high of $35.80. The firm has a fifty day simple moving average of $28.97 and a 200 day simple moving average of $31.31. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.80 and a beta of 0.81. 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 issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $679.41 million. During the same period in the previous year, the business earned $0.47 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The business also recently declared 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 of this dividend 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%.

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.