Prana Capital Management LP Buys 347,254 Shares of Invitation Home $INVH

Prana Capital Management LP grew its stake in Invitation Home (NYSE:INVH) by 122.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 630,430 shares of the company’s stock after buying an additional 347,254 shares during the quarter. Prana Capital Management LP owned approximately 0.10% of Invitation Home worth $18,491,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in INVH. Hantz Financial Services Inc. raised its stake in Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after acquiring an additional 1,068 shares during the period. Smartleaf Asset Management LLC raised its holdings in Invitation Home by 59.1% during the third 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. Caitong International Asset Management Co. Ltd increased its holdings in Invitation Home by 136,000.0% in 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 last quarter. Mather Group LLC. purchased a new stake in Invitation Home in the 3rd quarter worth $42,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Invitation Home during the 2nd quarter valued at about $49,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Home Trading Up 1.2%

Shares of INVH opened at $25.40 on Wednesday. The company’s fifty day simple moving average is $26.41 and its 200-day simple moving average is $27.68. The company has a market cap of $15.48 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.68 and a beta of 0.83. Invitation Home has a twelve month low of $24.87 and a twelve month high of $35.80. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, February 18th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). Invitation Home had a net margin of 21.53% and a return on equity of 6.24%. The firm had revenue of $685.25 million for the quarter, compared to analysts’ expectations of $683.00 million. During the same period in the previous year, the company earned $0.47 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, March 26th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, March 26th. Invitation Home’s dividend payout ratio is presently 125.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INVH shares. Mizuho reduced their target price on Invitation Home from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Scotiabank dropped their price target on Invitation Home from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 4th. Citigroup cut their price target on Invitation Home from $36.50 to $31.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Morgan Stanley reduced their price objective on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Invitation Home in a report on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Invitation Home presently has an average rating of “Moderate Buy” and a consensus target price of $32.88.

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.