Invitation Home $INVH Shares Purchased by Lecap Asset Management Ltd.

Key Points

• Lecap Asset Management Ltd. increased its stake in Invitation Home by 174.9% in Q2, owning a total of 33,753 shares worth approximately $1.1 million.
• Invitation Home recently reported Q2 earnings of $0.48 per share, meeting analyst expectations, with a revenue increase of 4.3% year-over-year.
• The company declared a quarterly dividend of $0.29 per share, resulting in an annualized yield of 4.0%, with a dividend payout ratio of 131.82%.

Lecap Asset Management Ltd. raised its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 174.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,753 shares of the company's stock after purchasing an additional 21,473 shares during the period. Lecap Asset Management Ltd.'s holdings in Invitation Home were worth $1,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pallas Capital Advisors LLC bought a new position in shares of Invitation Home in the 2nd quarter worth about $432,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Invitation Home by 2.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock worth $199,732,000 after acquiring an additional 134,012 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Invitation Home by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after acquiring an additional 1,268 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Invitation Home in the first quarter worth approximately $329,000. Finally, Robeco Schweiz AG boosted its holdings in shares of Invitation Home by 42.7% during the first quarter. Robeco Schweiz AG now owns 344,000 shares of the company's stock worth $11,988,000 after purchasing an additional 103,000 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Home Trading Down 1.1%

Shares of INVH opened at $29.01 on Thursday. Invitation Home has a fifty-two week low of $28.76 and a fifty-two week high of $35.80. The business has a 50-day moving average of $30.31 and a 200 day moving average of $32.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market cap of $17.78 billion, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The firm had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. During the same quarter last year, the company posted $0.47 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, research analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 25th. Invitation Home's dividend payout ratio is presently 131.82%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank reduced their price objective on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a research note on Thursday, August 28th. Royal Bank Of Canada decreased their price objective on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Keefe, Bruyette & Woods cut their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company cut their price target on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Finally, Barclays decreased their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.43.

Invitation Home Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

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