Pacer Advisors Inc. Trims Stock Position in Invitation Home $INVH

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new position in Invitation Home during the second quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Invitation Home by 49.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock worth $42,000 after purchasing an additional 421 shares during the period. IFP Advisors Inc increased its holdings in shares of Invitation Home by 3,219.5% during the 2nd quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after purchasing an additional 1,320 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Invitation Home in the 2nd quarter valued at $49,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Invitation Home in the 2nd quarter valued at $55,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Down 0.5%

INVH stock opened at $27.83 on Friday. The stock has a market capitalization of $17.06 billion, a P/E ratio of 29.29, a P/E/G ratio of 2.73 and a beta of 0.83. The firm has a 50-day simple moving average of $27.72 and a 200-day simple moving average of $29.68. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a 52 week low of $26.02 and a 52 week high of $35.80.

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

Invitation Home Increases Dividend

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

Analyst Ratings Changes

INVH has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Evercore ISI lowered their target price on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Keefe, Bruyette & Woods cut their price target on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Mizuho reduced their price target on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Finally, Morgan Stanley lowered their price target on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.70.

Invitation Home Profile

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.