Bank of New York Mellon Corp Sells 137,220 Shares of Invitation Home (NYSE:INVH)

Bank of New York Mellon Corp decreased its stake in Invitation Home (NYSE:INVH - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,515,773 shares of the company's stock after selling 137,220 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.57% of Invitation Home worth $122,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Virtus ETF Advisers LLC boosted its stake in shares of Invitation Home by 7.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock valued at $157,000 after purchasing an additional 319 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in shares of Invitation Home by 2.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock valued at $400,000 after purchasing an additional 319 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Invitation Home by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Invitation Home by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock valued at $235,000 after purchasing an additional 412 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV boosted its stake in shares of Invitation Home by 2.8% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company's stock valued at $506,000 after purchasing an additional 442 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Insider Activity at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction 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 sale, the chief executive officer owned 642,973 shares in the company, valued at approximately $21,481,727.93. This 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. Insiders own 0.29% of the company's stock.

Invitation Home Stock Up 0.2%

NYSE:INVH traded up $0.05 during trading hours on Wednesday, reaching $32.28. 2,602,990 shares of the stock were exchanged, compared to its average volume of 3,409,602. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a 50 day moving average of $33.61 and a 200 day moving average of $32.84. The stock has a market cap of $19.79 billion, a PE ratio of 41.92, a PEG ratio of 3.21 and a beta of 0.80.

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

Invitation Home Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on INVH shares. Oppenheimer lifted their price target on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. The Goldman Sachs Group lifted their price target on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Citigroup raised 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 report on Friday, June 6th. Keefe, Bruyette & Woods boosted their price objective on Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Finally, Mizuho upgraded Invitation Home from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Invitation Home presently has a consensus rating of "Moderate Buy" and an average price target of $37.97.

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.