Legal & General Group Plc Makes New Investment in Invitation Home $INVH

Legal & General Group Plc acquired a new stake in shares of Invitation Home (NYSE:INVH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,648,372 shares of the company’s stock, valued at approximately $140,427,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of Invitation Home in the 2nd quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Invitation Home by 136,000.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock worth $40,000 after purchasing an additional 1,360 shares during the period. Prosperity Bancshares Inc purchased a new position in shares of Invitation Home during the 4th quarter worth about $42,000. MUFG Securities EMEA plc bought a new position in Invitation Home during the 2nd quarter valued at about $55,000. Finally, AdvisorNet Financial Inc grew its holdings in Invitation Home by 7,687.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after purchasing an additional 1,845 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Trading Down 2.2%

NYSE INVH opened at $29.23 on Friday. The stock has a market cap of $17.26 billion, a PE ratio of 26.81, a PEG ratio of 4.27 and a beta of 0.83. Invitation Home has a 12 month low of $24.25 and a 12 month high of $31.33. The company’s 50-day moving average price is $29.95 and its 200-day moving average price is $28.13. 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 (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.34. The company had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Equities research analysts forecast that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is 110.09%.

Analyst Ratings Changes

Several analysts have issued reports on INVH shares. Weiss Ratings raised shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Keefe, Bruyette & Woods boosted their target price on Invitation Home from $29.00 to $31.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Mizuho upped their target price on Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Wells Fargo & Company upgraded Invitation Home from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $31.00 to $33.00 in a report on Wednesday, June 24th. Finally, Barclays raised their price target on Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.