Apollo Management Holdings L.P. Buys 590,000 Shares of Invitation Home $INVH

Apollo Management Holdings L.P. lifted its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 29.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,608,707 shares of the company's stock after purchasing an additional 590,000 shares during the quarter. Invitation Home accounts for 0.9% of Apollo Management Holdings L.P.'s holdings, making the stock its 16th biggest holding. Apollo Management Holdings L.P. owned approximately 0.44% of Invitation Home worth $78,809,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in Invitation Home in the second quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Invitation Home by 136,000.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company's stock valued at $40,000 after buying an additional 1,360 shares during the period. Prosperity Bancshares Inc acquired a new position in shares of Invitation Home in the fourth quarter valued at approximately $42,000. AdvisorNet Financial Inc raised its holdings in Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock valued at $46,000 after buying an additional 1,845 shares during the last quarter. Finally, Essential Partners LLC boosted its position in Invitation Home by 353.7% during the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company's stock worth $47,000 after buying an additional 1,468 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INVH has been the topic of several analyst reports. Cfra cut shares of Invitation Home from a "hold" rating to a "sell" rating and reduced their price objective for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. Raymond James Financial raised shares of Invitation Home from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research report on Monday, May 18th. BMO Capital Markets lifted their price objective on Invitation Home from $32.00 to $35.00 and gave the stock a "market perform" rating in a research report on Monday, June 15th. Jefferies Financial Group raised Invitation Home to a "hold" rating in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their target price on Invitation Home from $29.00 to $31.00 and gave the company a "market perform" rating in a research report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $32.53.

Invitation Home Trading Up 0.2%

Shares of Invitation Home stock opened at $29.30 on Monday. The company has a market capitalization of $17.31 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 4.17 and a beta of 0.83. The stock has a fifty day simple moving average of $29.96 and a 200 day simple moving average of $28.15. Invitation Home has a 12-month low of $24.25 and a 12-month high of $31.33. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH - Get Free Report) last issued 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. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business had revenue of $747.55 million for the quarter, compared to analysts' expectations of $731.13 million. During the same period last year, the business earned $0.48 EPS. The business'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 anticipate that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. Invitation Home's dividend payout ratio is currently 110.09%.

About Invitation Home

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.

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