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

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

Several other institutional investors have also recently modified their holdings of INVH. Jones Financial Companies Lllp grew its stake in shares of Invitation Home by 78.3% in the fourth 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 in the last quarter. Proficio Capital Partners LLC acquired a new stake in Invitation Home during the 4th quarter valued at $867,000. Raymond James Financial Inc. acquired a new position in shares of Invitation Home in the fourth quarter worth about $7,251,000. Sequoia Financial Advisors LLC grew its position in shares of Invitation Home by 10.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,450 shares of the company's stock worth $238,000 after buying an additional 682 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Invitation Home by 3,772.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,453 shares of the company's stock worth $142,000 after purchasing an additional 4,338 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the completion of the transaction, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by company insiders.

Invitation Home Stock Performance

Shares of Invitation Home stock traded down $0.05 during trading on Monday, reaching $32.31. The company's stock had a trading volume of 2,457,165 shares, compared to its average volume of 3,220,916. The business's fifty day moving average price is $33.45 and its 200-day moving average price is $32.84. Invitation Home has a one year low of $29.37 and a one year high of $37.80. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 2.42 and a beta of 0.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The company had revenue of $674.48 million during 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, equities research analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on INVH shares. Raymond James Financial boosted their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. The Goldman Sachs Group increased their target price on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Oppenheimer lifted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada boosted their target price on shares of Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.97.

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.