Pacer Advisors Inc. Sells 37,635 Shares of Invitation Home $INVH

Pacer Advisors Inc. lessened its stake in Invitation Home (NYSE:INVH) by 45.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,980 shares of the company’s stock after selling 37,635 shares during the period. Pacer Advisors Inc.’s holdings in Invitation Home were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Invitation Home in the 2nd quarter valued at about $1,693,992,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Invitation Home by 1,019.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock valued at $214,415,000 after acquiring an additional 5,603,077 shares during the last quarter. AQR Capital Management LLC lifted its position in Invitation Home by 2,205.3% during the second quarter. AQR Capital Management LLC now owns 1,715,777 shares of the company’s stock valued at $56,277,000 after acquiring an additional 1,641,351 shares during the last quarter. Woodline Partners LP boosted its stake in Invitation Home by 4,762.6% in the first quarter. Woodline Partners LP now owns 1,656,651 shares of the company’s stock valued at $57,734,000 after acquiring an additional 1,622,582 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Invitation Home by 1,556.8% in the second quarter. First Trust Advisors LP now owns 1,460,638 shares of the company’s stock worth $47,909,000 after purchasing an additional 1,372,478 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INVH. Weiss Ratings reiterated a “hold (c-)” rating on shares of Invitation Home in a report on Monday. Barclays decreased their price target 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 price target on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Oppenheimer set a $38.00 price objective on shares of Invitation Home and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Evercore ISI lowered their target price on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Invitation Home has a consensus rating of “Moderate Buy” and an average price target of $34.70.

Invitation Home Stock Down 0.5%

Shares of INVH stock opened at $27.83 on Friday. Invitation Home has a fifty-two week low of $26.02 and a fifty-two week high of $35.80. The firm has a market capitalization of $17.06 billion, a PE ratio of 29.29, a P/E/G ratio of 2.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. The stock’s 50-day simple moving average is $27.72 and its 200-day simple moving average is $29.68.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, October 29th. The company reported $0.47 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 analyst estimates of $679.41 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Invitation Home’s revenue for the quarter was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Equities analysts expect that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, December 23rd. Invitation Home’s dividend payout ratio is 126.32%.

About Invitation Home

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.