Aberdeen Group plc Grows Holdings in Invitation Home $INVH

Key Points

• Aberdeen Group plc increased its stake in Invitation Home (NYSE:INVH) by 301.7%, acquiring an additional 1,111,095 shares, bringing its total ownership to 1,479,359 shares valued at approximately $51.56 million.
• Insider activity includes the sale of 148,749 shares by CEO Dallas B. Tanner, resulting in an 18.79% decrease in his ownership in the company.
• Invitation Home recently announced a quarterly dividend of $0.29 per share, reflecting a 3.8% yield, while the company reported an EPS of $0.48, matching analyst expectations.

Aberdeen Group plc increased its position in shares of Invitation Home (NYSE:INVH - Free Report) by 301.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,479,359 shares of the company's stock after purchasing an additional 1,111,095 shares during the period. Aberdeen Group plc owned approximately 0.24% of Invitation Home worth $51,563,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INVH. Vanguard Group Inc. lifted its position in shares of Invitation Home by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock worth $3,286,595,000 after purchasing an additional 829,212 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Invitation Home by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,827,708 shares of the company's stock worth $282,221,000 after acquiring an additional 33,235 shares in the last quarter. Northern Trust Corp raised its stake in shares of Invitation Home by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock worth $218,060,000 after acquiring an additional 1,463,236 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Invitation Home by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock worth $232,251,000 after acquiring an additional 65,843 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Invitation Home during the 1st quarter worth approximately $148,870,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on INVH shares. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $35.00 to $38.50 in a research note on Friday, June 6th. Raymond James Financial boosted their price objective 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. Royal Bank Of Canada reduced their price objective on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. The Goldman Sachs Group boosted their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Scotiabank boosted their price objective on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Invitation Home currently has an average rating of "Hold" and an average target price of $37.26.

Invitation Home Trading Down 1.9%

INVH stock traded down $0.57 during trading on Monday, reaching $29.98. 3,451,863 shares of the stock were exchanged, compared to its average volume of 3,938,231. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $32.07 and a 200-day moving average price of $32.85. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.80. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 3.13 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Invitation Home's quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.9%. 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 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 sale, the chief executive officer directly owned 642,973 shares in the company, valued at $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

About Invitation Home

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.