Ieq Capital LLC acquired a new position in shares of Invitation Home (NYSE:INVH – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 71,909 shares of the company’s stock, valued at approximately $2,172,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Invitation Home in the second quarter valued at about $1,866,973,000. Norges Bank purchased a new stake in shares of Invitation Home during the 4th quarter valued at about $1,438,952,000. Deutsche Bank AG bought a new position in shares of Invitation Home in the 2nd quarter worth approximately $193,539,000. Rush Island Management LP bought a new position in shares of Invitation Home in the 1st quarter worth approximately $105,292,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Invitation Home in the second quarter worth approximately $89,182,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Raymond James Financial raised Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, May 18th. Weiss Ratings upgraded Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Wells Fargo & Company raised Invitation Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $31.00 to $33.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada lifted their price objective on Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research note on Wednesday, July 22nd. Ten research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.53.
Invitation Home Price Performance
NYSE:INVH opened at $30.23 on Wednesday. The business’s 50-day simple moving average is $29.90 and its two-hundred day simple moving average is $28.08. Invitation Home has a 52 week low of $24.25 and a 52 week high of $31.33. The stock has a market cap of $17.85 billion, a PE ratio of 27.73, a P/E/G ratio of 4.35 and a beta of 0.83. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44.
Invitation Home (NYSE:INVH – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.34. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The firm had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, analysts forecast that Invitation Home will post 1.89 EPS for the current fiscal year.
Invitation Home Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a $0.30 dividend. 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 payout ratio is 110.09%.
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.
Further Reading
- Five stocks we like better than Invitation Home
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding INVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invitation Home (NYSE:INVH – Free Report).
Receive News & Ratings for Invitation Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Home and related companies with MarketBeat.com's FREE daily email newsletter.
