Wellington Management Group LLP Raises Holdings in Invitation Home $INVH

Key Points

• Wellington Management Group LLP raised its stake in Invitation Home by 19.5% during the first quarter, holding shares valued at $2.25 million.
• Invitation Home reported an earnings per share (EPS) of $0.48 for the latest quarter, meeting analysts' expectations, and announced a quarterly dividend of $0.29 per share.
• Institutional investors and hedge funds collectively own 96.79% of Invitation Home's stock, indicating strong institutional support for the company.

Wellington Management Group LLP raised its holdings in Invitation Home (NYSE:INVH - Free Report) by 19.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,522 shares of the company's stock after purchasing an additional 10,525 shares during the quarter. Wellington Management Group LLP's holdings in Invitation Home were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in Invitation Home by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after purchasing an additional 19,084 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Invitation Home in the fourth quarter valued at approximately $338,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after buying an additional 1,268 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of Invitation Home in the 4th quarter valued at approximately $265,000. Finally, Wexford Capital LP purchased a new stake in Invitation Home in the 4th quarter worth approximately $320,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Home Trading Down 3.1%

Invitation Home stock traded down $0.97 during mid-day trading on Tuesday, reaching $30.32. 3,425,142 shares of the company traded hands, compared to its average volume of 3,324,904. Invitation Home has a 52-week low of $29.37 and a 52-week high of $37.80. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 3.13 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The firm's 50 day moving average price is $31.46 and its 200 day moving average price is $32.79.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. During the same quarter in the previous year, the business posted $0.47 EPS. Invitation Home's revenue 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. On average, analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.8%. Invitation Home's dividend payout ratio (DPR) is currently 131.82%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company decreased their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Oppenheimer boosted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Scotiabank dropped their price objective on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research report on Thursday, August 28th. Finally, Raymond James Financial raised their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.85.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the transaction, the chief executive officer owned 642,973 shares in the company, valued at $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

About Invitation Home

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.