The State of New Jersey Common Pension Fund D reduced its stake in Invitation Home by 3.8%, selling 25,513 shares and retaining 642,920 shares valued at approximately $22.4 million. The fund owned 0.10% of Invitation Home worth $22,406,000 at the end of the most recent reporting period. Invitation Home announced a $0.29 quarterly dividend, which contributes to an annualized yield of 3.8%, despite a payout ratio of 131.82%. Analysts have varying ratings on Invitation Home, with an average target price of $37.53, and Citigroup upgraded the stock from 'neutral' to 'buy', raising its price target to $38.50. During the first quarter, Vanguard Group Inc. increased its stake by 0.9%, now owning 94,306,901 shares worth $3.286 billion. Dimensional Fund Advisors LP increased its stake by 0.4%, now owning 8,827,708 shares worth $282.221 million. Northern Trust Corp increased its stake by 27.3%, now owning 6,820,769 shares worth $218.06 million. Charles Schwab Investment Management Inc. increased its stake by 1.0%, now owning 6,664,294 shares worth $232.251 million. Nuveen LLC bought a new position worth $148.87 million during the first quarter. Institutional investors own 96.79% of the company's stock. CEO sold 148,749 shares at an average price of $33.41, for a total value of $4,969,704.09, resulting in an 18.79% decrease in their position. The transaction was disclosed in a filing with the SEC. Company insiders own 0.29% of the company's stock. Analyst ratings changes include: Royal Bank of Canada lowered the price target from $35.00 to $34.00 and set a 'sector perform' rating; Scotiabank lifted the price target from $36.00 to $38.00 and gave a 'sector perform' rating; Keefe, Bruyette & Woods decreased the price target from $37.00 to $33.00 and set a 'market perform' rating; Citigroup upgraded the rating to 'buy' and raised the price target to $38.50; The Goldman Sachs Group lifted the price target from $39.00 to $43.00 and gave a 'buy' rating. Nine analysts have a hold rating and nine have a buy rating. The stock currently has an average rating of 'Moderate Buy' and an average target price of $37.53. Invitation Home shares opened at $30.56 on Friday, with a market capitalization of $18.73 billion, a P/E ratio of 34.73, a P/E/G ratio of 3.10, and a beta of 0.78. The company has a twelve-month low of $29.37 and a twelve-month high of $37.80. The quick ratio and current ratio are both 0.02, and the debt-to-equity ratio is 0.47. The fifty-day simple moving average is $32.14 and the 200-day simple moving average is $32.83. The company reported $0.48 earnings per share for the quarter, meeting analyst estimates of $0.48, with revenue of $681.40 million compared to $675.01 million. The return on equity was 5.56% and the net margin was 20.36%. Quarterly revenue was up 4.3% compared to the same quarter last year. Analysts predict 1.83 EPS for the current fiscal year. The company declared a quarterly dividend of $0.29, paid on July 18th, with a record date of June 26th, resulting in an annualized dividend of $1.16 and a dividend yield of 3.8%. The payout ratio is 131.82%. Invitation Homes is the nation's premier single-family home leasing and management company, providing access to high-quality, updated homes with features such as proximity to jobs and good schools. The company's mission is 'Together with you, we make a house a home,' reflecting its commitment to enhancing residents' living experiences through high-touch service.

State of New Jersey Common Pension Fund D Sells 25,513 Shares of Invitation Home (NYSE:INVH)

The State of New Jersey Common Pension Fund D reduced its stake in Invitation Home by 3.8%, selling 25,513 shares and retaining 642,920 shares valued at approximately $22.4 million. The fund previously owned 0.10% of Invitation Home worth $22.4 million. Invitation Home announced a $0.29 quarterly dividend, resulting in an annualized yield of 3.8% despite a payout ratio of 131.82%. Analysts have varying ratings, with an average target price of $37.53 and Citigroup upgrading the stock to 'buy' with a target of $38.50. Institutional investors own 96.79% of the company's stock. Key investors including Vanguard Group, Dimensional Fund Advisors, Northern Trust, Charles Schwab, and Nuveen LLC have increased or established positions. Company insiders, including the CEO, sold shares, reducing their stake by 18.79%. The company reported $0.48 earnings per share and $681.40 million in revenue, meeting estimates with a 4.3% revenue increase. The stock has a market capitalization of $18.73 billion, P/E ratio of 34.73, and a dividend yield of 3.8%. The company is a leading provider of single-family home leasing and management services in the U.S.