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

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Invitation Home (NYSE:INVH) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 608,846 shares of the company’s stock, valued at approximately $18,393,000.

Other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of Invitation Home during the 2nd quarter worth about $100,000. Fielder Capital Group LLC acquired a new stake in Invitation Home in the 2nd quarter valued at approximately $273,000. Bank of New York Mellon Corp acquired a new position in shares of Invitation Home during the second quarter worth approximately $89,182,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Invitation Home during the second quarter worth approximately $264,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Invitation Home during the second quarter worth approximately $317,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of Invitation Home in a research note on Thursday, August 6th. Evercore reissued an “outperform” rating and issued a $32.00 price target on shares of Invitation Home in a report 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 stock a “market perform” rating in a research report on Wednesday, August 5th. UBS Group boosted their price objective on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada increased their target price on shares of Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.68.

Invitation Home Stock Down 0.0%

Shares of INVH stock opened at $30.28 on Monday. The stock 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 has a one year low of $24.25 and a one year high of $31.38. The stock has a fifty day moving average price of $29.81 and a 200 day moving average price of $27.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a $0.30 dividend. The ex-dividend date 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 is currently 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.