California Public Employees Retirement System Acquires 84,338 Shares of Invitation Home $INVH

California Public Employees Retirement System lifted its stake in Invitation Home (NYSE:INVH) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,020,361 shares of the company’s stock after acquiring an additional 84,338 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Invitation Home worth $33,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in Invitation Home in the 2nd quarter worth about $30,000. GKV Capital Management Co. Inc. bought a new stake in shares of Invitation Home during the first quarter valued at about $37,000. Zions Bancorporation National Association UT purchased a new stake in shares of Invitation Home in the first quarter worth about $40,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Invitation Home by 49.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock worth $42,000 after buying an additional 421 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Invitation Home by 3,219.5% in the second quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after acquiring an additional 1,320 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Price Performance

INVH opened at $26.48 on Thursday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $16.23 billion, a P/E ratio of 27.87, a PEG ratio of 2.57 and a beta of 0.83. The stock has a 50-day moving average price of $28.10 and a 200-day moving average price of $30.34. Invitation Home has a 12-month low of $26.02 and a 12-month high of $35.80.

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

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were issued 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 dividend yield of 4.4%. Invitation Home’s dividend payout ratio (DPR) is currently 122.11%.

Analysts Set New Price Targets

INVH has been the topic of several recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Wells Fargo & Company dropped their price objective 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. Morgan Stanley reduced their target price on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Finally, Barclays lowered their price target on Invitation Home from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Invitation Home has an average rating of “Moderate Buy” and a consensus price target of $34.91.

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.