Manning & Napier Advisors LLC Makes New Investment in Invitation Home $INVH

Manning & Napier Advisors LLC acquired a new position in shares of Invitation Home (NYSE:INVH) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 100,000 shares of the company’s stock, valued at approximately $3,021,000.

A number of other hedge funds have also made changes to their positions in INVH. BlackRock Inc. acquired a new stake in shares of Invitation Home in the second quarter worth approximately $1,866,973,000. Norges Bank purchased a new stake in shares of Invitation Home during the fourth quarter worth approximately $1,438,952,000. State Street Corp increased its position in shares of Invitation Home by 1.3% during the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after purchasing an additional 462,379 shares in the last quarter. Geode Capital Management LLC raised its stake in Invitation Home by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after purchasing an additional 203,474 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in 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 purchasing an additional 1,168,113 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INVH. UBS Group lifted their price objective on Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Barclays upped their price objective on shares of Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Mizuho boosted their price objective on Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Raymond James Financial raised Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, May 18th. Finally, Evercore restated an “outperform” rating and set a $32.00 target price on shares of Invitation Home in a report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Invitation Home has a consensus rating of “Hold” and an average target price of $32.53.

Invitation Home Stock Performance

NYSE:INVH opened at $30.23 on Wednesday. The company has a market cap of $17.85 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 4.35 and a beta of 0.83. The company has a fifty day simple moving average of $29.90 and a two-hundred day simple moving average of $28.08. Invitation Home has a 52 week low of $24.25 and a 52 week high of $31.33. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The company had revenue of $747.55 million for the quarter, compared to the consensus estimate of $731.13 million. During the same period in the prior year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, equities analysts anticipate that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. Invitation Home’s dividend payout ratio is 110.09%.

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.