VIRGINIA RETIREMENT SYSTEMS ET Al Invests $6.56 Million in Invitation Home $INVH

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Invitation Home (NYSE:INVH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 217,099 shares of the company’s stock, valued at approximately $6,559,000.

Other large investors also recently bought and sold shares of the company. Jupiter Topco LLC bought a new stake in Invitation Home during the 2nd quarter valued at $4,243,000. Legal & General Group Plc grew its position in shares of Invitation Home by 6.6% during the 4th quarter. Legal & General Group Plc now owns 5,735,955 shares of the company’s stock worth $159,402,000 after buying an additional 355,825 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invitation Home by 4.6% in the first quarter. Bank of America Corp DE now owns 2,956,870 shares of the company’s stock valued at $73,478,000 after acquiring an additional 129,202 shares in the last quarter. Algebris UK Ltd. bought a new stake in shares of Invitation Home in the fourth quarter valued at about $15,370,000. Finally, BlackRock Inc. purchased a new stake in Invitation Home in the second quarter worth about $1,866,973,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on INVH. UBS Group raised their target price 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 lowered their price target for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. BMO Capital Markets increased their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial upgraded Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, May 18th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.53.

Invitation Home Price Performance

Shares of NYSE INVH opened at $28.23 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $16.67 billion, a PE ratio of 25.90, a P/E/G ratio of 4.05 and a beta of 0.83. The business has a 50-day simple moving average of $29.81 and a two-hundred day simple moving average of $28.23. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $30.89.

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

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s payout ratio is currently 110.09%.

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.