Lighthouse Investment Partners LLC Reduces Position in Invitation Home $INVH

Lighthouse Investment Partners LLC trimmed its position in Invitation Home (NYSE:INVH) by 32.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,000 shares of the company’s stock after selling 113,000 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Invitation Home were worth $6,746,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Invitation Home by 0.8% in the second quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock valued at $3,116,862,000 after buying an additional 719,365 shares in the last quarter. Norges Bank acquired a new position in shares of Invitation Home during the 2nd quarter worth about $1,693,992,000. State Street Corp boosted its position in shares of Invitation Home by 1.3% during the 2nd quarter. State Street Corp now owns 36,159,024 shares of the company’s stock worth $1,196,334,000 after acquiring an additional 460,747 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of 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 acquiring an additional 1,168,113 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Invitation Home by 7.5% during the 3rd quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock worth $370,227,000 after acquiring an additional 877,491 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Invitation Home from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Wall Street Zen cut shares of Invitation Home from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Oppenheimer reduced their price objective on shares of Invitation Home from $38.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Royal Bank Of Canada lowered their target price on shares of Invitation Home from $30.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. Finally, Morgan Stanley dropped their target price on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Invitation Home Price Performance

Shares of NYSE:INVH opened at $25.12 on Tuesday. The company has a 50-day simple moving average of $26.47 and a 200-day simple moving average of $27.72. Invitation Home has a one year low of $24.87 and a one year high of $35.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 2.66 and a beta of 0.83.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, February 18th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). The company had revenue of $685.25 million during the quarter, compared to analyst estimates of $683.00 million. Invitation Home had a net margin of 21.53% and a return on equity of 6.24%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. Invitation Home’s payout ratio is 125.00%.

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.