VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $6.56 Million Investment in Invitation Home $INVH

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Invitation Home (NYSE:INVH) during the 2nd quarter, HoldingsChannel reports. The firm purchased 217,099 shares of the company’s stock, valued at approximately $6,559,000.

A number of other hedge funds have also modified their holdings of INVH. BlackRock Inc. purchased a new position in shares of Invitation Home in the second quarter worth about $1,866,973,000. Norges Bank purchased a new stake in Invitation Home in the fourth quarter valued at approximately $1,438,952,000. California State Teachers Retirement System increased its holdings in Invitation Home by 2,442.8% in the 2nd quarter. California State Teachers Retirement System now owns 28,526,729 shares of the company’s stock worth $944,281,000 after buying an additional 27,404,868 shares during the period. Deutsche Bank AG acquired a new position in Invitation Home in the 2nd quarter worth approximately $193,539,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Invitation Home by 74,699.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,971,242 shares of the company’s stock worth $180,391,000 after buying an additional 5,963,259 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Performance

INVH opened at $28.23 on Wednesday. The firm has a fifty day moving average price of $29.81 and a 200 day moving average price of $28.23. Invitation Home has a 1 year low of $24.25 and a 1 year high of $30.89. The stock has a market cap of $16.67 billion, a P/E ratio of 25.90, a P/E/G ratio of 4.05 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 (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The company had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. During the same quarter last year, the business earned $0.48 earnings per share. The firm’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. Equities research analysts anticipate that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is presently 110.09%.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank lifted their price objective on shares of Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Citigroup reissued a “buy” rating on shares of Invitation Home in a report on Thursday, August 6th. Barclays boosted their target price on shares of Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. BMO Capital Markets upped their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Finally, Compass Point raised Invitation Home to a “hold” rating in a research report on Thursday, July 9th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.