American Assets Investment Management LLC Acquires New Stake in Invitation Home (NYSE:INVH)

Key Points

• American Assets Investment Management LLC acquired 122,633 shares of Invitation Home (NYSE: INVH) worth approximately $4,274,000 in the first quarter, reflecting significant institutional interest in the stock.
• CEO Dallas B. Tanner sold 148,749 shares at an average price of $33.41, resulting in a decrease of his ownership by 18.79%, while insiders collectively own just 0.29% of the stock.
• Invitation Home declared a quarterly dividend of $0.29, equating to an annualized yield of 3.8%, despite a high dividend payout ratio of 131.82%.

American Assets Investment Management LLC purchased a new position in shares of Invitation Home (NYSE:INVH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 122,633 shares of the company's stock, valued at approximately $4,274,000.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares in the last quarter. North Capital Inc. acquired a new stake in Invitation Home during the 1st quarter worth approximately $41,000. Avalon Trust Co acquired a new stake in Invitation Home during the 1st quarter worth approximately $63,000. NBC Securities Inc. lifted its holdings in Invitation Home by 99,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock worth $69,000 after buying an additional 1,994 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of Invitation Home in the 1st quarter valued at $70,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Trading Down 0.1%

Shares of Invitation Home stock traded down $0.05 on Thursday, reaching $30.22. 2,622,781 shares of the company's stock were exchanged, compared to its average volume of 3,708,049. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The firm's 50-day moving average is $32.51 and its two-hundred day moving average is $32.86. The company has a market capitalization of $18.52 billion, a P/E ratio of 34.34, a price-to-earnings-growth ratio of 3.10 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $681.40 million during the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%. The business's revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. Sell-side analysts predict that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is currently 131.82%.

Insider Buying and Selling at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the transaction, the chief executive officer directly owned 642,973 shares of the company's stock, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

INVH has been the topic of several research analyst reports. Raymond James Financial lifted their price target on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $35.00 to $38.50 in a research note on Friday, June 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research note on Wednesday. Oppenheimer lifted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada dropped their price objective on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.64.

Invitation Home Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.