American Assets Investment Management LLC Purchases Shares of 122,633 Invitation Home (NYSE:INVH)

Key Points

• American Assets Investment Management LLC invested approximately $4.27 million in Invitation Home, making it the firm's 19th biggest holding.
• Invitation Home's stock has received mixed ratings from analysts, with a consensus target price of $37.97 and a consensus rating of "Moderate Buy".
• The company recently declared a $0.29 quarterly dividend, representing an annual yield of 3.70%, although its dividend payout ratio stands at 150.65%.

American Assets Investment Management LLC acquired a new position in Invitation Home (NYSE:INVH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 122,633 shares of the company's stock, valued at approximately $4,274,000. Invitation Home comprises 1.8% of American Assets Investment Management LLC's portfolio, making the stock its 19th biggest holding.

Several other large investors have also recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of Invitation Home in the 1st quarter valued at approximately $455,000. Mackenzie Financial Corp increased its position in shares of Invitation Home by 9.1% in the 1st quarter. Mackenzie Financial Corp now owns 106,893 shares of the company's stock valued at $3,725,000 after purchasing an additional 8,899 shares during the last quarter. LPL Financial LLC increased its position in shares of Invitation Home by 78.7% in the 1st quarter. LPL Financial LLC now owns 137,605 shares of the company's stock valued at $4,796,000 after purchasing an additional 60,604 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of Invitation Home in the 1st quarter valued at approximately $208,000. Finally, TD Asset Management Inc increased its position in shares of Invitation Home by 1.0% in the 1st quarter. TD Asset Management Inc now owns 211,161 shares of the company's stock valued at $7,359,000 after purchasing an additional 2,069 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 Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the sale, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on INVH. Scotiabank increased their price objective on shares of Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Raymond James Financial increased their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Royal Bank Of Canada dropped their target price on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday. Keefe, Bruyette & Woods increased their target price on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday, May 5th. Finally, 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. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.86.

Invitation Home Price Performance

INVH stock traded down $0.33 during trading on Friday, reaching $30.32. 5,312,992 shares of the company were exchanged, compared to its average volume of 3,188,052. The company has a market cap of $18.58 billion, a P/E ratio of 34.45, a PEG ratio of 2.29 and a beta of 0.78. Invitation Home has a 52-week low of $29.37 and a 52-week high of $37.80. The stock's 50 day moving average price is $32.75 and its 200 day moving average price is $32.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.02 and a current ratio of 0.01.

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

Invitation Home Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. Invitation Home's payout ratio is currently 131.82%.

Invitation Home 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.