Invitation Home $INVH Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP trimmed its position in Invitation Home (NYSE:INVH - Free Report) by 31.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,406 shares of the company's stock after selling 104,190 shares during the period. 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 also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Invitation Home by 67.4% during the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company's stock worth $2,589,000 after buying an additional 29,962 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Invitation Home by 10.7% in the 1st quarter. Empowered Funds LLC now owns 13,324 shares of the company's stock valued at $464,000 after acquiring an additional 1,290 shares during the period. Sivia Capital Partners LLC purchased a new stake in Invitation Home in the 2nd quarter valued at $287,000. Cetera Investment Advisers raised its position in Invitation Home by 8.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,412 shares of the company's stock valued at $637,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in Invitation Home by 5.5% during the 2nd quarter. Cresset Asset Management LLC now owns 15,646 shares of the company's stock worth $515,000 after purchasing an additional 809 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INVH has been the topic of several research reports. Cfra downgraded shares of Invitation Home from a "hold" rating to a "sell" rating and lowered their price objective for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of Invitation Home in a research note on Thursday, August 27th. UBS Group raised their price target on Invitation Home from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Citigroup restated a "buy" rating on shares of Invitation Home in a research report on Thursday, August 6th. Finally, Compass Point raised Invitation Home to a "hold" rating in a research note on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Invitation Home presently has a consensus rating of "Hold" and an average target price of $32.53.

Invitation Home Stock Up 0.0%

Invitation Home stock opened at $27.57 on Friday. The stock's 50 day moving average price is $29.65 and its 200 day moving average price is $28.26. The company has a market cap of $16.28 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.92 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 1-year low of $24.25 and a 1-year high of $30.89.

Invitation Home (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The company had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. During the same period in the previous year, the firm 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 predict that Invitation Home will post 1.9 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, September 24th. Invitation Home's dividend payout ratio is presently 110.09%.

About Invitation Home

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.

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