Invitation Home (NYSE:INVH) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 3.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,515,773 shares of the company's stock after selling 137,220 shares during the period. 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 large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings 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 worth $33,000 after buying an additional 378 shares in the last quarter. North Capital Inc. acquired a new position in Invitation Home in the first quarter valued at about $41,000. Jones Financial Companies Lllp increased its holdings 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 worth $59,000 after acquiring an additional 806 shares in the last quarter. NBC Securities Inc. grew its holdings 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 buying an additional 1,994 shares in the last quarter. Finally, Wealthquest Corp bought a new position in shares of Invitation Home during the first quarter worth about $70,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Price Performance

INVH traded down $0.04 on Friday, reaching $32.34. 2,394,757 shares of the company's stock were exchanged, compared to its average volume of 3,392,891. 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 stock has a market cap of $19.82 billion, a PE ratio of 42.00, a P/E/G ratio of 3.21 and a beta of 0.80. The stock's fifty day moving average price is $33.45 and its 200-day moving average price is $32.84. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80.

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

Invitation Home Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.59%. Invitation Home's dividend payout ratio is presently 150.65%.

Insider Activity

In other news, CEO Dallas B. Tanner sold 148,749 shares of the 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 completion of the transaction, the chief executive officer owned 642,973 shares in the company, valued at $21,481,727.93. This trade represents a 18.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Barclays boosted their price objective on Invitation Home from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. The Goldman Sachs Group boosted their price objective on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Scotiabank upped their price target on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada upped their target price on Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Invitation Home currently has an average 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.