Invitation Home $INVH is Engineers Gate Manager LP’s 3rd Largest Position

Engineers Gate Manager LP raised its holdings in shares of Invitation Home (NYSE:INVH) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,136,376 shares of the company’s stock after buying an additional 989,013 shares during the period. Invitation Home comprises 1.4% of Engineers Gate Manager LP’s portfolio, making the stock its 3rd largest holding. Engineers Gate Manager LP’s holdings in Invitation Home were worth $114,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of Invitation Home by 59.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after acquiring an additional 466 shares during the period. Cromwell Holdings LLC grew its stake in shares of Invitation Home by 2,463.5% during the 4th quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock valued at $37,000 after acquiring an additional 1,281 shares during the period. Caitong International Asset Management Co. Ltd grew 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 valued at $40,000 after acquiring an additional 1,360 shares during the period. Prosperity Bancshares Inc bought a new position in shares of Invitation Home during the 4th quarter valued at approximately $42,000. Finally, Avalon Trust Co bought a new position in shares of Invitation Home during the 3rd quarter valued at approximately $53,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Home Price Performance

Shares of Invitation Home stock opened at $28.51 on Thursday. The stock’s 50-day simple moving average is $28.27 and its 200-day simple moving average is $27.10. Invitation Home has a 52 week low of $24.25 and a 52 week high of $34.19. The company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 3.40 and a beta of 0.85. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.50.

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

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 25th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Thursday, June 25th. Invitation Home’s payout ratio is currently 126.32%.

Analyst Ratings Changes

A number of brokerages recently issued reports on INVH. Citizens Jmp cut their price objective on Invitation Home from $40.00 to $35.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. Wall Street Zen upgraded Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. KeyCorp cut their price objective on Invitation Home from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Compass Point initiated coverage on Invitation Home in a research note on Tuesday, April 28th. They set a “neutral” rating and a $30.00 price objective for the company. Finally, Raymond James Financial upgraded Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, May 18th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.95.

Invitation Home Company 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.