Public Employees Retirement System of Ohio Makes New $25.99 Million Investment in Invitation Home $INVH

Public Employees Retirement System of Ohio purchased a new position in shares of Invitation Home (NYSE:INVH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 860,251 shares of the company’s stock, valued at approximately $25,988,000. Public Employees Retirement System of Ohio owned about 0.15% of Invitation Home as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in Invitation Home during the second quarter worth $1,866,973,000. Norges Bank acquired a new stake in shares of Invitation Home in the fourth quarter worth about $1,438,952,000. State Street Corp lifted its position in shares of Invitation Home by 1.3% in the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after buying an additional 462,379 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Invitation Home by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock worth $468,997,000 after acquiring an additional 203,474 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Invitation Home by 8.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after acquiring an additional 1,168,113 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INVH. Barclays boosted their target price on Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. UBS Group lifted their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Cfra cut shares of Invitation Home from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. Finally, BMO Capital Markets upped their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.53.

Invitation Home Price Performance

Shares of Invitation Home stock opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market cap of $17.31 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 4.17 and a beta of 0.83. The firm has a fifty day moving average price of $29.96 and a two-hundred day moving average price of $28.14. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $31.33.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The business had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Analysts expect that Invitation Home will post 1.89 EPS for the current year.

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is currently 110.09%.

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.