Diamond Hill Capital Management Inc. Invests $19.53 Million in Invitation Home $INVH

Diamond Hill Capital Management Inc. acquired a new position in shares of Invitation Home (NYSE:INVH) in the 4th quarter, Holdings Channel.com reports. The fund acquired 702,859 shares of the company’s stock, valued at approximately $19,532,000.

Several other large investors also recently made changes to their positions in the stock. CIBC Asset Management Inc grew its position in Invitation Home by 446.4% in the third quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock valued at $13,277,000 after purchasing an additional 369,831 shares in the last quarter. Aurora Investment Managers LLC. bought a new position in Invitation Home in the fourth quarter valued at $2,740,000. NEOS Investment Management LLC grew its position in Invitation Home by 67.6% in the third quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock valued at $3,802,000 after purchasing an additional 52,296 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Invitation Home by 189.8% in the third quarter. Swiss Life Asset Management Ltd now owns 138,276 shares of the company’s stock valued at $4,056,000 after purchasing an additional 90,554 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Invitation Home in the third quarter valued at $1,549,000. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. KeyCorp decreased their target price on shares of Invitation Home from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Wall Street Zen raised shares of Invitation Home from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Evercore reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Invitation Home in a research report on Friday, May 1st. Barclays increased their price target on shares of Invitation Home from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company cut their price target on shares of Invitation Home from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Invitation Home currently has a consensus rating of “Moderate Buy” and an average price target of $31.59.

Invitation Home Stock Performance

Shares of INVH stock opened at $29.05 on Friday. Invitation Home has a 52 week low of $24.25 and a 52 week high of $34.25. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.43 and a beta of 0.86. The company has a 50-day simple moving average of $26.62 and a 200 day simple moving average of $26.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $689.92 million. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts predict that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, March 26th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 26th. Invitation Home’s dividend payout ratio is currently 126.32%.

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.