Junto Capital Management LP Invests $59.10 Million in Invitation Home $INVH

Junto Capital Management LP acquired a new stake in shares of Invitation Home (NYSE:INVHFree Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,956,338 shares of the company’s stock, valued at approximately $59,101,000.

Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in Invitation Home by 2.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,257 shares of the company’s stock valued at $563,000 after acquiring an additional 484 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Invitation Home by 0.7% in the 4th quarter. LPL Financial LLC now owns 73,676 shares of the company’s stock worth $2,047,000 after purchasing an additional 503 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Invitation Home by 5.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,575 shares of the company’s stock worth $294,000 after purchasing an additional 516 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Invitation Home by 110.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,018 shares of the company’s stock valued at $31,000 after purchasing an additional 535 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Invitation Home by 21.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,171 shares of the company’s stock valued at $93,000 after purchasing an additional 564 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised Invitation Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $33.00 in a report on Wednesday, June 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Home in a research report on Thursday, August 27th. Citigroup reissued a “buy” rating on shares of Invitation Home in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Invitation Home from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Invitation Home has a consensus rating of “Hold” and an average price target of $32.53.

Check Out Our Latest Analysis on Invitation Home

Invitation Home Price Performance

Shares of Invitation Home stock opened at $28.20 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The business’s 50 day simple moving average is $29.77 and its two-hundred day simple moving average is $28.24. The stock has a market capitalization of $16.66 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 4.02 and a beta of 0.83. Invitation Home has a one year low of $24.25 and a one year high of $30.89.

Invitation Home (NYSE:INVHGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.34. The firm had revenue of $747.55 million during the quarter, compared to the consensus estimate of $731.13 million. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Analysts forecast that Invitation Home will post 1.9 EPS for the current year.

Invitation Home Profile

(Free Report)

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.

See Also

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:INVHFree Report).

Institutional Ownership by Quarter for Invitation Home (NYSE:INVH)

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