Diamond Hill Capital Management LLC Investment Advisor Buys Shares of 608,846 Invitation Home $INVH

Diamond Hill Capital Management LLC Investment Advisor bought a new position in Invitation Home (NYSE:INVH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 608,846 shares of the company’s stock, valued at approximately $18,393,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.10% of Invitation Home at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in shares of Invitation Home by 2.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,257 shares of the company’s stock worth $563,000 after purchasing an additional 484 shares in the last quarter. LPL Financial LLC grew its stake in shares of Invitation Home by 0.7% in the 4th quarter. LPL Financial LLC now owns 73,676 shares of the company’s stock valued at $2,047,000 after buying an additional 503 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Invitation Home by 5.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,575 shares of the company’s stock worth $294,000 after buying an additional 516 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invitation Home by 21.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,171 shares of the company’s stock worth $93,000 after buying an additional 564 shares during the last quarter. Finally, SCS Capital Management LLC raised its position in Invitation Home by 3.4% during the fourth quarter. SCS Capital Management LLC now owns 17,908 shares of the company’s stock valued at $498,000 after acquiring an additional 582 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Down 0.0%

INVH opened at $30.28 on Monday. The business has a 50 day moving average price of $29.81 and a 200 day moving average price of $27.90. Invitation Home has a twelve month low of $24.25 and a twelve month high of $31.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market cap of $17.88 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 4.33 and a beta of 0.83.

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is currently 110.09%.

Wall Street Analyst Weigh In

INVH has been the subject of a number of analyst reports. Evercore reiterated an “outperform” rating and issued a $32.00 target price on shares of Invitation Home in a research note on Friday, May 1st. Keefe, Bruyette & Woods raised their price target on shares of Invitation Home from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Wells Fargo & Company raised shares of Invitation Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $31.00 to $33.00 in a research note on Wednesday, June 24th. Finally, Cfra cut shares of Invitation Home from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.68.

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.