Public Employees Retirement System of Ohio Takes Position in Invitation Home $INVH

Public Employees Retirement System of Ohio acquired a new position in shares of Invitation Home (NYSE:INVH) in the second quarter, Holdings Channel reports. The fund acquired 860,251 shares of the company’s stock, valued at approximately $25,988,000.

Several other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC raised its position in Invitation Home by 67.4% in the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock worth $2,589,000 after purchasing an additional 29,962 shares in the last quarter. Empowered Funds LLC boosted its holdings in Invitation Home by 10.7% during the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after purchasing an additional 1,290 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Invitation Home in the 2nd quarter valued at approximately $287,000. Cetera Investment Advisers grew its stake in shares of Invitation Home by 8.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock valued at $637,000 after purchasing an additional 1,528 shares during the period. Finally, Cresset Asset Management LLC raised its holdings in shares of Invitation Home by 5.5% in the 2nd quarter. Cresset Asset Management LLC now owns 15,646 shares of the company’s stock worth $515,000 after buying an additional 809 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Home Stock Up 0.2%

Shares of INVH opened at $29.30 on Friday. The company has a market capitalization of $17.31 billion, a P/E ratio of 26.88, a PEG ratio of 4.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a one year low of $24.25 and a one year high of $31.33. The business’s 50 day simple moving average is $29.96 and its 200-day simple moving average is $28.14.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating 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 firm had revenue of $747.55 million during the quarter, compared to analysts’ expectations of $731.13 million. During the same period last year, the firm posted $0.48 EPS. The business’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, sell-side analysts predict that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th. Invitation Home’s dividend payout ratio is presently 110.09%.

Analysts Set New Price Targets

Several research firms recently commented on INVH. Evercore restated an “outperform” rating and set a $32.00 target price on shares of Invitation Home in a research report on Friday, May 1st. Raymond James Financial upgraded Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, May 18th. Keefe, Bruyette & Woods lifted their price objective on Invitation Home from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Cfra downgraded shares of Invitation Home from a “hold” rating to a “sell” rating and reduced their target price for the company from $29.00 to $27.00 in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Ten investment 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 MarketBeat, Invitation Home presently has an average rating of “Hold” and an average target price of $32.53.

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.