Legal & General Group Plc Has $159.40 Million Position in Invitation Home $INVH

Key Points

• Legal & General Group Plc raised its stake in Invitation Home by 6.6% in the fourth quarter, ending with 5.74 million shares valued at about $159.4 million.
• Invitation Home reported Q1 EPS of $0.26, topping analyst expectations, though revenue of $579 million came in below estimates. The company also said revenue rose 8.8% year over year.
• Wall Street sentiment is mixed: analysts currently rate the stock a Hold overall, with an average price target of $31.33, while the shares recently traded at $29.39 and offer a 4.1% dividend yield.

Legal & General Group Plc increased its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,735,955 shares of the company's stock after acquiring an additional 355,825 shares during the period. Legal & General Group Plc owned about 0.94% of Invitation Home worth $159,402,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in shares of Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company's stock valued at $33,000 after acquiring an additional 1,068 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Invitation Home by 59.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $36,000 after acquiring an additional 466 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of Invitation Home by 2,463.5% during the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company's stock valued at $37,000 after acquiring an additional 1,281 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Invitation Home by 136,000.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company's stock valued at $40,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Avalon Trust Co acquired a new stake in shares of Invitation Home during the 3rd quarter valued at about $53,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INVH has been the topic of several recent research reports. Compass Point initiated coverage on shares of Invitation Home in a research report on Tuesday, April 28th. They set a "neutral" rating and a $30.00 target price on the stock. Barclays lifted their target price on shares of Invitation Home from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods lifted their target price on shares of Invitation Home from $28.00 to $29.00 and gave the company a "market perform" rating in a research report on Monday, May 4th. Scotiabank lifted their target price on shares of Invitation Home from $27.00 to $29.00 and gave the company a "sector perform" rating in a research report on Thursday, May 21st. Finally, Citizens Jmp decreased their target price on shares of Invitation Home from $40.00 to $35.00 and set a "market outperform" rating on the stock in a research report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.33.

Invitation Home Price Performance

NYSE:INVH opened at $29.39 on Thursday. The firm has a market cap of $17.46 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 3.46 and a beta of 0.85. Invitation Home has a 12 month low of $24.25 and a 12 month high of $34.25. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50. The company's 50-day moving average price is $26.97 and its two-hundred day moving average price is $26.97.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. The firm had revenue of $579.00 million for the quarter, compared to analyst estimates of $689.92 million. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts anticipate that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, March 26th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home's payout ratio is currently 126.32%.

Invitation Home Profile

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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