California Public Employees Retirement System Has $34.94 Million Position in Invitation Home $INVH

California Public Employees Retirement System lessened its holdings in shares of Invitation Home (NYSE:INVH) by 10.0% in the first quarter, HoldingsChannel.com reports. The firm owned 1,406,108 shares of the company’s stock after selling 155,586 shares during the period. California Public Employees Retirement System’s holdings in Invitation Home were worth $34,942,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in Invitation Home in the 4th quarter valued at about $1,438,952,000. UBS Group AG boosted its stake in Invitation Home by 101.4% during the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after purchasing an additional 2,505,909 shares during the last quarter. Amundi increased its holdings in Invitation Home by 169.0% during the 3rd quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after purchasing an additional 2,071,407 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Invitation Home by 79.6% during the 4th quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock worth $125,737,000 after purchasing an additional 2,004,728 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Invitation Home by 53.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock worth $149,441,000 after purchasing an additional 1,884,188 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Price Performance

Shares of NYSE INVH opened at $29.83 on Wednesday. The company has a market capitalization of $17.72 billion, a PE ratio of 31.40, a PEG ratio of 3.53 and a beta of 0.84. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $29.47 and its 200-day moving average price is $27.54. Invitation Home has a twelve month low of $24.25 and a twelve month high of $32.67.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $579.00 million for the quarter, compared to analyst estimates of $689.91 million. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.Invitation Home’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts anticipate that Invitation Home will post 1.89 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is 126.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on INVH shares. Keefe, Bruyette & Woods raised their target price on Invitation Home from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Cfra lowered Invitation Home from a “hold” rating to a “sell” rating and lowered their price target for the company from $29.00 to $27.00 in a research report on Wednesday, May 27th. Weiss Ratings upgraded Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $33.00 in a research note on Wednesday, June 24th. Finally, BMO Capital Markets lifted 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 research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Invitation Home has a consensus rating of “Hold” and a consensus price target of $32.47.

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.