State of Alaska Department of Revenue Lowers Position in Invitation Home $INVH

State of Alaska Department of Revenue trimmed its stake in shares of Invitation Home (NYSE:INVH) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 363,315 shares of the company’s stock after selling 3,993 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Invitation Home worth $11,915,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Invitation Home during the 2nd quarter worth $30,000. Larson Financial Group LLC boosted its holdings in Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after purchasing an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Invitation Home during the first quarter worth approximately $37,000. Zions Bancorporation National Association UT bought a new stake in shares of Invitation Home in the 1st quarter worth about $40,000. Finally, North Capital Inc. acquired a new position in Invitation Home in the first quarter worth $41,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Home Price Performance

NYSE INVH opened at $29.18 on Friday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $17.89 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.82. Invitation Home has a 12-month low of $28.76 and a 12-month high of $35.80. The company has a 50 day moving average price of $30.50 and a two-hundred day moving average price of $32.39.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same quarter last year, the firm earned $0.47 EPS. Invitation Home’s revenue for the quarter was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, equities analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, September 25th. Invitation Home’s dividend payout ratio is 131.82%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore ISI reduced their target price on shares of Invitation Home from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Barclays lowered their price objective on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company dropped their price target on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Scotiabank cut their price objective on Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada dropped their target price on shares of Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Invitation Home presently has an average rating of “Moderate Buy” and an average target price of $36.43.

About Invitation Home

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.