Wellington Management Group LLP Invests $67.03 Million in Invitation Home $INVH

Wellington Management Group LLP purchased a new stake in Invitation Home (NYSE:INVH) in the second quarter, Holdings Channel.com reports. The firm purchased 2,218,739 shares of the company’s stock, valued at approximately $67,028,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Invitation Home in the second quarter worth about $1,866,973,000. Norges Bank acquired a new stake in shares of Invitation Home in the fourth quarter valued at approximately $1,438,952,000. State Street Corp raised its position in Invitation Home by 1.3% in the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after purchasing an additional 462,379 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Invitation Home by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock worth $468,997,000 after buying an additional 203,474 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Invitation Home by 8.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock valued at $424,922,000 after buying an additional 1,168,113 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on INVH shares. Cfra downgraded Invitation Home from a “hold” rating to a “sell” rating and dropped their target price for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research report on Wednesday, July 22nd. Barclays upped their target price on shares of Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Mizuho lifted their price target on shares of Invitation Home from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Finally, Compass Point raised shares of Invitation Home to a “hold” rating in a research note on Thursday, July 9th. Ten research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.53.

Invitation Home Trading Down 1.0%

INVH opened at $28.84 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 twelve month low of $24.25 and a twelve month high of $30.89. The firm’s fifty day moving average is $29.96 and its two-hundred day moving average is $28.19. The firm has a market cap of $17.03 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 4.15 and a beta of 0.83.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $731.13 million. During the same period in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Equities research analysts anticipate that Invitation Home will post 1.89 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. Invitation Home’s payout ratio is currently 110.09%.

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.