Conversant Capital LLC Takes Position in Invitation Home $INVH

Conversant Capital LLC acquired a new position in shares of Invitation Home (NYSE:INVH) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,250,000 shares of the company’s stock, valued at approximately $31,062,000. Invitation Home makes up 4.3% of Conversant Capital LLC’s portfolio, making the stock its 2nd biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Invitation Home by 3.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,413,502 shares of the company’s stock worth $67,071,000 after buying an additional 74,029 shares during the last quarter. Oak Thistle LLC raised its stake in Invitation Home by 1,538.3% in the fourth quarter. Oak Thistle LLC now owns 130,210 shares of the company’s stock valued at $3,619,000 after buying an additional 122,262 shares during the last quarter. M&T Bank Corp purchased a new stake in Invitation Home in the fourth quarter valued at about $1,756,000. Legal & General Group Plc boosted its holdings in Invitation Home by 6.6% in the fourth quarter. Legal & General Group Plc now owns 5,735,955 shares of the company’s stock worth $159,402,000 after acquiring an additional 355,825 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its holdings in Invitation Home by 570.5% in the third quarter. Tudor Investment Corp ET AL now owns 130,998 shares of the company’s stock worth $3,842,000 after acquiring an additional 111,461 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH opened at $29.77 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a 50-day moving average of $29.55 and a two-hundred day moving average of $27.58. The stock has a market cap of $17.68 billion, a P/E ratio of 31.33, a P/E/G ratio of 3.49 and a beta of 0.84. Invitation Home has a one year low of $24.25 and a one year high of $32.27.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The business had revenue of $579.00 million for the quarter, compared to analyst estimates of $689.91 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, research analysts predict that Invitation Home will post 1.89 EPS for the current year.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, June 25th. Invitation Home’s dividend payout ratio is 126.32%.

Wall Street Analyst Weigh In

INVH has been the topic of a number of research analyst reports. Barclays boosted 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. Mizuho lifted their target price on shares of Invitation Home from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Cfra downgraded shares of 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. Weiss Ratings raised shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Finally, BMO Capital Markets upped their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.47.

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.