Principal Financial Group Inc. Sells 3,161,730 Shares of Invitation Home $INVH

Principal Financial Group Inc. cut its position in shares of Invitation Home (NYSE:INVH) by 18.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 13,690,400 shares of the company’s stock after selling 3,161,730 shares during the period. Principal Financial Group Inc.’s holdings in Invitation Home were worth $340,208,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of INVH. AQR Capital Management LLC raised its position in Invitation Home by 67.4% in the 1st 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 during the period. Empowered Funds LLC grew its stake in shares of 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 buying an additional 1,290 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Invitation Home in the second quarter worth about $287,000. Cetera Investment Advisers increased its holdings in shares of Invitation Home by 8.5% in the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock worth $637,000 after buying an additional 1,528 shares during the period. Finally, Cresset Asset Management LLC lifted its stake 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 valued at $515,000 after acquiring an additional 809 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Home Stock Up 0.4%

NYSE:INVH opened at $30.24 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market cap of $17.96 billion, a P/E ratio of 31.83, a P/E/G ratio of 3.53 and a beta of 0.84. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $32.67. The firm has a 50-day simple moving average of $29.34 and a two-hundred day simple moving average of $27.45.

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 business had revenue of $579.00 million during the quarter, compared to analyst estimates of $689.91 million. During the same quarter last year, the company earned $0.48 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Analysts predict that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, June 25th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is presently 126.32%.

Analysts Set New Price Targets

Several analysts have weighed in on INVH shares. Cfra downgraded Invitation Home from a “hold” rating to a “sell” rating and lowered their price objective for the company from $29.00 to $27.00 in a research report on Wednesday, May 27th. Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a report on Friday, June 26th. Evercore reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Invitation Home in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Invitation Home from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Scotiabank increased their price target on shares of Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.47.

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.