Citigroup Inc. Sells 177,306 Shares of Invitation Home $INVH

Citigroup Inc. decreased its position in shares of Invitation Home (NYSE:INVH) by 18.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 804,303 shares of the company’s stock after selling 177,306 shares during the period. Citigroup Inc. owned about 0.13% of Invitation Home worth $23,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in INVH. CIBC Asset Management Inc grew its holdings in shares of Invitation Home by 446.4% during the 3rd quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock valued at $13,277,000 after purchasing an additional 369,831 shares during the last quarter. PGGM Investments grew its stake in shares of Invitation Home by 13.0% during the third quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock worth $166,381,000 after buying an additional 653,539 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Invitation Home by 5.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,339,473 shares of the company’s stock worth $68,617,000 after buying an additional 128,561 shares in the last quarter. NEOS Investment Management LLC lifted its stake in shares of Invitation Home by 67.6% in the 3rd quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock valued at $3,802,000 after acquiring an additional 52,296 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of Invitation Home by 12.1% during the 3rd quarter. Strs Ohio now owns 983,834 shares of the company’s stock valued at $28,856,000 after acquiring an additional 106,271 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Home Price Performance

Invitation Home stock opened at $26.29 on Friday. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.77 and a beta of 0.83. Invitation Home has a 52-week low of $25.21 and a 52-week high of $35.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.03 and a current ratio of 0.03. The stock’s 50 day moving average price is $26.86 and its two-hundred day moving average price is $28.15.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, February 18th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). The company had revenue of $685.25 million for the quarter, compared to analyst estimates of $683.00 million. Invitation Home had a net margin of 21.53% and a return on equity of 6.24%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.30 per share. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, December 23rd. Invitation Home’s dividend payout ratio is 125.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INVH. Citizens Jmp lowered their target price on Invitation Home from $40.00 to $35.00 and set a “market outperform” rating for the company in a report on Friday, February 20th. UBS Group set a $40.00 price objective on Invitation Home in a research note on Wednesday, January 21st. Evercore set a $31.00 target price on shares of Invitation Home in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. Finally, Bank of America dropped their price target on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Invitation Home presently has an average rating of “Moderate Buy” and an average target price of $33.35.

Invitation Home Company 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.