Edgestream Partners L.P. Purchases Shares of 223,233 Invitation Home (NYSE:INVH)

Edgestream Partners L.P. bought a new position in shares of Invitation Home (NYSE:INVH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 223,233 shares of the company's stock, valued at approximately $7,780,000.

Several other large investors also recently made changes to their positions in INVH. North Capital Inc. bought a new position in Invitation Home in the 1st quarter worth approximately $41,000. Jones Financial Companies Lllp increased its stake in shares of Invitation Home by 78.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock valued at $59,000 after buying an additional 806 shares during the period. NBC Securities Inc. raised its position in shares of Invitation Home by 99,700.0% during the first quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock worth $69,000 after acquiring an additional 1,994 shares during the last quarter. Wealthquest Corp acquired a new position in shares of Invitation Home during the first quarter valued at $70,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Invitation Home during the first quarter valued at $86,000. Institutional investors own 96.79% of the company's stock.

Invitation Home Trading Up 0.2%

INVH stock traded up $0.07 during midday trading on Thursday, hitting $32.28. 3,141,306 shares of the company's stock were exchanged, compared to its average volume of 3,392,098. The stock's fifty day moving average price is $33.24 and its 200-day moving average price is $32.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $19.78 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 2.41 and a beta of 0.80. Invitation Home has a one year low of $29.37 and a one year high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Research analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.59%. Invitation Home's dividend payout ratio is presently 150.65%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INVH. Royal Bank Of Canada boosted their price objective on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price target on shares of Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, May 5th. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and increased their price objective for the company from $35.00 to $38.50 in a report on Friday, June 6th. Barclays reaffirmed an "overweight" rating on shares of Invitation Home in a research note on Tuesday. Finally, Raymond James Financial lifted their target price on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Invitation Home currently has an average rating of "Moderate Buy" and an average target price of $37.97.

Insiders Place Their Bets

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the transaction, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company's stock.

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.