Rush Island Management LP Invests $105.29 Million in Invitation Home $INVH

Key Points

• Rush Island Management acquired 4.24 million Invitation Home shares worth approximately $105.3 million, making INVH its seventh-largest portfolio holding and giving it a 0.71% stake. Institutional investors collectively own 96.79% of the company.
• Analysts maintain a generally cautious outlook: Invitation Home has an average rating of “Hold” and an average price target of $32.47, though several firms recently raised their targets to between $30 and $32.
• Invitation Home reported quarterly EPS of $0.26, beating estimates of $0.18, while revenue increased 8.8% year over year to $579 million. The company also paid a quarterly dividend of $0.30, representing a 4.0% annualized yield.

Rush Island Management LP acquired a new stake in shares of Invitation Home (NYSE:INVH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,237,107 shares of the company's stock, valued at approximately $105,292,000. Invitation Home accounts for about 7.1% of Rush Island Management LP's investment portfolio, making the stock its 7th largest position. Rush Island Management LP owned 0.71% of Invitation Home at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cromwell Holdings LLC increased its stake in Invitation Home by 2,463.5% in the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company's stock worth $37,000 after buying an additional 1,281 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Invitation Home by 136,000.0% in the third 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. Prosperity Bancshares Inc bought a new position in shares of Invitation Home in the fourth quarter worth about $42,000. MUFG Securities EMEA plc purchased a new stake in shares of Invitation Home during the second quarter worth about $55,000. Finally, AdvisorNet Financial Inc lifted its holdings in Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock worth $46,000 after purchasing an additional 1,845 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INVH. Wall Street Zen raised shares of Invitation Home from a "sell" rating to a "hold" rating in a research note on Saturday, April 25th. Weiss Ratings upgraded shares of Invitation Home from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, June 1st. Evercore reissued an "outperform" rating and set a $32.00 price objective on shares of Invitation Home in a report on Friday, May 1st. Scotiabank raised their price objective on Invitation Home from $29.00 to $30.00 and gave the company a "sector perform" rating in a research report on Thursday, June 18th. Finally, Mizuho lifted their target price on Invitation Home from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, June 17th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $32.47.

Invitation Home Stock Up 1.5%

Shares of NYSE INVH opened at $30.08 on Wednesday. Invitation Home has a 1 year low of $24.25 and a 1 year high of $32.04. The firm has a 50-day simple moving average of $29.59 and a two-hundred day simple moving average of $27.61. The company has a market cap of $17.87 billion, a P/E ratio of 31.66, a PEG ratio of 3.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.02 and a quick ratio of 0.02.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $689.91 million. During the same quarter in the prior year, the company posted $0.48 EPS. Invitation Home's quarterly revenue was up 8.8% on a year-over-year basis. Research analysts anticipate that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, June 25th. Invitation Home's payout ratio is presently 126.32%.

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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