Parallax Volatility Advisers L.P. Buys Shares of 44,743 Invitation Home $INVH

Parallax Volatility Advisers L.P. bought a new stake in Invitation Home (NYSE:INVH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 44,743 shares of the company's stock, valued at approximately $1,352,000.

Several other large investors have also made changes to their positions in the company. M&T Bank Corp bought a new position in Invitation Home during the 4th quarter worth approximately $1,756,000. Legal & General Group Plc increased its position in shares of Invitation Home by 6.6% during the fourth quarter. Legal & General Group Plc now owns 5,735,955 shares of the company's stock worth $159,402,000 after buying an additional 355,825 shares during the period. Bank of America Corp DE increased its position in shares of Invitation Home by 4.6% during the first quarter. Bank of America Corp DE now owns 2,956,870 shares of the company's stock worth $73,478,000 after buying an additional 129,202 shares during the period. Algebris UK Ltd. bought a new position in Invitation Home during the fourth quarter worth $15,370,000. Finally, BNP Paribas Financial Markets lifted its holdings in Invitation Home by 79.6% in the fourth quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company's stock valued at $125,737,000 after buying an additional 2,004,728 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Stock Down 0.9%

Shares of NYSE:INVH opened at $29.95 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52-week low of $24.25 and a 52-week high of $31.33. The business's 50 day simple moving average is $29.93 and its two-hundred day simple moving average is $28.11. The firm has a market cap of $17.69 billion, a P/E ratio of 27.48, a PEG ratio of 4.32 and a beta of 0.83.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating 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 firm had revenue of $747.55 million during the quarter, compared to the consensus estimate of $731.13 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company's quarterly 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, research analysts forecast that Invitation Home will post 1.89 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a yield of 4.0%. Invitation Home's dividend payout ratio is presently 110.09%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Compass Point upgraded Invitation Home to a "hold" rating in a report on Thursday, July 9th. Oppenheimer upped their target price on Invitation Home from $31.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Scotiabank raised their target price on Invitation Home from $29.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 18th. Keefe, Bruyette & Woods boosted their price target on Invitation Home from $29.00 to $31.00 and gave the company a "market perform" rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group raised Invitation Home to a "hold" rating in a research note on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $32.53.

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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