Empyrean Capital Partners LP Buys Shares of 385,000 Invitation Home $INVH

Empyrean Capital Partners LP bought a new position in Invitation Home (NYSE:INVH) in the first quarter, Holdings Channel reports. The institutional investor bought 385,000 shares of the company’s stock, valued at approximately $9,567,000.

Several other institutional investors have also modified their holdings of INVH. Norges Bank acquired a new position in shares of Invitation Home during the 4th quarter valued at about $1,438,952,000. UBS Group AG increased its position in Invitation Home by 101.4% during the third quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock worth $145,966,000 after purchasing an additional 2,505,909 shares during the last quarter. Amundi raised its stake in Invitation Home by 169.0% during the third quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after purchasing an additional 2,071,407 shares during the period. BNP Paribas Financial Markets raised its stake in Invitation Home by 79.6% during the fourth quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock worth $125,737,000 after purchasing an additional 2,004,728 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Invitation Home by 53.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock valued at $149,441,000 after purchasing an additional 1,884,188 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

NYSE:INVH opened at $29.64 on Tuesday. The firm has a market capitalization of $17.61 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 3.49 and a beta of 0.84. The business’s fifty day moving average price is $29.56 and its 200 day moving average price is $27.59. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 12 month low of $24.25 and a 12 month high of $32.04.

Invitation Home (NYSE:INVH) last posted its quarterly earnings results 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. The company had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $689.91 million. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.Invitation Home’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is 126.32%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group raised Invitation Home to a “hold” rating in a research report on Wednesday, July 22nd. Compass Point upgraded Invitation Home to a “hold” rating in a report on Thursday, July 9th. Scotiabank increased their price target on Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Royal Bank Of Canada lifted their price objective on Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Finally, Barclays boosted their price objective on Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.47.

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.