Walleye Capital LLC Invests $3.15 Million in Invitation Home $INVH

Key Points

• Walleye Capital LLC has invested approximately $3.15 million in Invitation Home, acquiring 90,260 shares in the first quarter of the year.
• Several institutional investors are increasing their stakes in Invitation Home, with Vanguard Group Inc. and Northern Trust Corp. notably expanding their holdings significantly.
• Invitation Home recently reported earnings meeting analyst expectations, with a revenue increase of 4.3% year-over-year and a quarterly dividend of $0.29 per share, representing an annual yield of 3.7%.

Walleye Capital LLC purchased a new stake in Invitation Home (NYSE:INVH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 90,260 shares of the company's stock, valued at approximately $3,146,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC bought a new position in Invitation Home in the 1st quarter valued at approximately $148,870,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Invitation Home in the 4th quarter worth about $67,743,000. Northern Trust Corp lifted its stake in Invitation Home by 27.3% in the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after buying an additional 1,463,236 shares during the period. BNP Paribas Financial Markets lifted its stake in Invitation Home by 110.1% in the fourth quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock valued at $69,004,000 after buying an additional 1,131,029 shares during the period. Finally, Aberdeen Group plc lifted its stake in Invitation Home by 301.7% in the first quarter. Aberdeen Group plc now owns 1,479,359 shares of the company's stock valued at $51,563,000 after buying an additional 1,111,095 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INVH shares. Royal Bank Of Canada dropped their price objective on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and upped their price objective for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Wells Fargo & Company dropped their price target on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. The Goldman Sachs Group increased their price objective on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $36.85.

Insider Transactions at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the transaction, the chief executive officer directly owned 642,973 shares in the company, valued at $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by insiders.

Invitation Home Price Performance

Shares of Invitation Home stock traded up $0.38 during trading on Monday, hitting $31.32. 3,686,683 shares of the stock traded hands, compared to its average volume of 3,578,968. The firm's fifty day moving average is $31.58 and its 200-day moving average is $32.81. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 3.13 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. During the same period last year, the company earned $0.47 EPS. Invitation Home's revenue for the quarter was up 4.3% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Research analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is presently 131.82%.

Invitation Home Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.