Legal & General Group Plc Invests $140.43 Million in Invitation Home $INVH

Key Points

• Legal & General Group acquired 4.65 million Invitation Home shares worth approximately $140.4 million, giving it a 0.79% stake. Institutional investors collectively own 96.79% of the company.
• Analyst sentiment remains mixed but leans positive: Wells Fargo and Oppenheimer raised their price targets to $33, while the consensus rating is Hold with an average target of $32.53.
• Invitation Home exceeded quarterly expectations, reporting $0.51 in EPS and $747.6 million in revenue, up 9.7% year over year. The company pays a $0.30 quarterly dividend, equivalent to a 4.1% annual yield.

Legal & General Group Plc bought a new position in shares of Invitation Home (NYSE:INVH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,648,372 shares of the company's stock, valued at approximately $140,427,000. Legal & General Group Plc owned about 0.79% of Invitation Home as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in Invitation Home in the 2nd quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its position in shares of Invitation Home by 136,000.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company's stock valued at $40,000 after purchasing an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc purchased a new position in shares of Invitation Home during the fourth quarter valued at about $42,000. MUFG Securities EMEA plc bought a new stake in shares of Invitation Home in the second quarter worth about $55,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of Invitation Home by 7,687.5% in the first quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock worth $46,000 after purchasing an additional 1,845 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INVH. Compass Point raised Invitation Home to a "hold" rating in a research note on Thursday, July 9th. Wells Fargo & Company raised Invitation Home from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $31.00 to $33.00 in a research note on Wednesday, June 24th. Oppenheimer upped their price objective on Invitation Home from $31.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Citigroup reiterated a "buy" rating on shares of Invitation Home in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Invitation Home from $29.00 to $31.00 and gave the company a "market perform" rating in a report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $32.53.

Invitation Home Stock Down 2.2%

Shares of NYSE:INVH opened at $29.23 on Friday. 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 has a 12 month low of $24.25 and a 12 month high of $31.33. The company has a 50-day moving average price of $29.95 and a 200 day moving average price of $28.13. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 4.27 and a beta of 0.83.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly 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 return on equity of 7.22% and a net margin of 23.13%.The company had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. During the same quarter last year, the business posted $0.48 earnings per share. The firm'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. As a group, equities research analysts predict that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home's dividend payout ratio (DPR) is presently 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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