CI Investments Inc. Sells 57,183 Shares of Invitation Home $INVH

CI Investments Inc. cut its position in Invitation Home (NYSE:INVH) by 33.8% in the first quarter, HoldingsChannel.com reports. The firm owned 112,002 shares of the company’s stock after selling 57,183 shares during the quarter. CI Investments Inc.’s holdings in Invitation Home were worth $2,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tudor Investment Corp ET AL increased its stake in Invitation Home by 570.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 130,998 shares of the company’s stock worth $3,842,000 after buying an additional 111,461 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Invitation Home by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,413,502 shares of the company’s stock valued at $67,071,000 after acquiring an additional 74,029 shares in the last quarter. Oak Thistle LLC lifted its position in shares of Invitation Home by 1,538.3% in the fourth quarter. Oak Thistle LLC now owns 130,210 shares of the company’s stock valued at $3,619,000 after acquiring an additional 122,262 shares in the last quarter. M&T Bank Corp bought a new position in shares of Invitation Home in the fourth quarter worth about $1,756,000. Finally, Legal & General Group Plc boosted its stake in shares of Invitation Home by 6.6% in the fourth quarter. Legal & General Group Plc now owns 5,735,955 shares of the company’s stock worth $159,402,000 after acquiring an additional 355,825 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Trading Up 1.1%

Shares of INVH stock opened at $29.77 on Friday. Invitation Home has a 12-month low of $24.25 and a 12-month high of $32.27. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average price is $29.55 and its 200-day moving average price is $27.58. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 3.45 and a beta of 0.84.

Invitation Home (NYSE:INVH) last posted its 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. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $689.91 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Equities research analysts predict that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently disclosed 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 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio is 126.32%.

Analyst Ratings Changes

INVH has been the topic of several recent analyst reports. Wall Street Zen raised Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada upped their price target on Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Cfra lowered shares of Invitation Home from a “hold” rating to a “sell” rating and cut their price objective for the company from $29.00 to $27.00 in a report on Wednesday, May 27th. Raymond James Financial upgraded shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, May 18th. Finally, Compass Point raised shares of Invitation Home to a “hold” rating in a report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.47.

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.