Invitation Home $INVH Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC significantly increased its stake in Invitation Home by 290.2% during Q2, owning 58,190 shares valued at approximately $1.9 million.
• Institutional investors collectively own 96.79% of Invitation Home's stock, highlighting strong institutional interest in the company.
• Invitation Home has declared a quarterly dividend of $0.29 per share, with a yield of 4.0%, reflecting its commitment to returning value to shareholders.

Wealth Enhancement Advisory Services LLC lifted its holdings in Invitation Home (NYSE:INVH - Free Report) by 290.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,190 shares of the company's stock after acquiring an additional 43,277 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Invitation Home were worth $1,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INVH. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Invitation Home by 1,019.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company's stock worth $214,415,000 after acquiring an additional 5,603,077 shares during the period. Nuveen LLC acquired a new stake in shares of Invitation Home in the first quarter worth $148,870,000. Woodline Partners LP increased its stake in shares of Invitation Home by 4,762.6% in the first quarter. Woodline Partners LP now owns 1,656,651 shares of the company's stock worth $57,734,000 after acquiring an additional 1,622,582 shares during the period. Resolution Capital Ltd increased its stake in shares of Invitation Home by 24.6% in the first quarter. Resolution Capital Ltd now owns 6,456,230 shares of the company's stock worth $225,000,000 after acquiring an additional 1,273,244 shares during the period. Finally, Aberdeen Group plc increased its stake in shares of Invitation Home by 301.7% in the first quarter. Aberdeen Group plc now owns 1,479,359 shares of the company's stock worth $51,563,000 after acquiring an additional 1,111,095 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Stock Performance

INVH opened at $29.18 on Monday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $17.89 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.92 and a beta of 0.82. Invitation Home has a 52-week low of $28.76 and a 52-week high of $35.80. The firm's fifty day simple moving average is $30.50 and its two-hundred day simple moving average is $32.39.

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

Invitation Home Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on INVH shares. Wells Fargo & Company cut their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Evercore ISI dropped their price target on shares of Invitation Home from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Scotiabank dropped their price target on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research report on Thursday, August 28th. Keefe, Bruyette & Woods dropped their price target 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. Finally, Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and raised their price target for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.43.

Invitation Home Company 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.