Invitation Home $INVH Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP lessened its holdings in Invitation Home (NYSE:INVH) by 31.0% during the 2nd quarter, Holdings Channel reports. The firm owned 232,406 shares of the company’s stock after selling 104,190 shares during the quarter. Engineers Gate Manager LP’s holdings in Invitation Home were worth $7,021,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Invitation Home in the second quarter valued at $1,866,973,000. Norges Bank acquired a new stake in shares of Invitation Home during the 4th quarter worth about $1,438,952,000. California State Teachers Retirement System grew its holdings in shares of Invitation Home by 2,442.8% during the second 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 in the last quarter. Deutsche Bank AG acquired a new position in shares of Invitation Home in the second quarter valued at approximately $193,539,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invitation Home by 74,699.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,971,242 shares of the company’s stock valued at $180,391,000 after buying an additional 5,963,259 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on INVH. BMO Capital Markets boosted their price target on Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Wells Fargo & Company upgraded shares of Invitation Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $31.00 to $33.00 in a research note on Wednesday, June 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invitation Home in a research note on Thursday, August 27th. Oppenheimer upped their target price on shares of Invitation Home from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, UBS Group upped their target price on Invitation Home from $32.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.53.

Invitation Home Stock Performance

Shares of INVH stock opened at $27.57 on Friday. The stock’s fifty day simple moving average is $29.65 and its 200-day simple moving average is $28.26. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.92 and a beta of 0.83. Invitation Home has a 1-year low of $24.25 and a 1-year high of $30.89.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The firm had revenue of $747.55 million for the quarter, compared to the consensus estimate of $731.13 million. During the same period in the previous year, the firm posted $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. On average, sell-side analysts predict that Invitation Home will post 1.9 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 24th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. Invitation Home’s dividend payout ratio (DPR) is presently 110.09%.

Invitation Home Company Profile

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.