VIRGINIA RETIREMENT SYSTEMS ET Al Invests $9.30 Million in Invitation Home $INVH

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Invitation Home (NYSE:INVH) in the 2nd quarter, Holdings Channel.com reports. The fund bought 283,560 shares of the company’s stock, valued at approximately $9,301,000.

Several other institutional investors have also recently added to or reduced their stakes in INVH. GAMMA Investing LLC increased its stake in Invitation Home by 23.0% in the first quarter. GAMMA Investing LLC now owns 4,996 shares of the company’s stock valued at $174,000 after purchasing an additional 934 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Invitation Home by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company’s stock valued at $520,000 after purchasing an additional 1,268 shares during the last quarter. Blue Trust Inc. increased its stake in Invitation Home by 104.3% in the first quarter. Blue Trust Inc. now owns 4,130 shares of the company’s stock valued at $144,000 after purchasing an additional 2,108 shares during the last quarter. Kentucky Retirement Systems increased its stake in Invitation Home by 6.7% in the first quarter. Kentucky Retirement Systems now owns 41,776 shares of the company’s stock valued at $1,456,000 after purchasing an additional 2,626 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Invitation Home in the first quarter valued at $620,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Home Stock Performance

Shares of NYSE:INVH opened at $28.57 on Tuesday. The firm has a market capitalization of $17.51 billion, a PE ratio of 32.46, a P/E/G ratio of 2.85 and a beta of 0.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The business has a 50-day moving average of $29.66 and a two-hundred day moving average of $31.77. Invitation Home has a 12 month low of $27.71 and a 12 month high of $35.80.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The company had revenue of $681.40 million during the quarter, compared to analyst estimates of $675.01 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, research analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were paid a $0.29 dividend. The ex-dividend date was Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is 131.82%.

Analyst Upgrades and Downgrades

INVH has been the subject of several analyst reports. Barclays dropped 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. JPMorgan Chase & Co. upgraded Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 target price for the company in a research note on Friday. Wells Fargo & Company dropped their price target on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 13th. Royal Bank Of Canada dropped their price target on Invitation Home from $35.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.34.

Invitation Home Profile

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.