Bessemer Group Inc. Sells 60,199 Shares of Invitation Home (NYSE:INVH)

Bessemer Group Inc. reduced its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 68.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,545 shares of the company's stock after selling 60,199 shares during the quarter. Bessemer Group Inc.'s holdings in Invitation Home were worth $960,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of INVH. Norges Bank acquired a new position in Invitation Home in the fourth quarter worth $1,646,794,000. JPMorgan Chase & Co. raised its holdings in shares of Invitation Home by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Invitation Home by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after buying an additional 3,870,432 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Invitation Home in the fourth quarter valued at about $67,743,000. Finally, Northern Trust Corp raised its holdings in shares of Invitation Home by 27.3% in the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after buying an additional 1,463,236 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company's stock.

Invitation Home Trading Up 0.3%

Shares of Invitation Home stock traded up $0.11 during trading hours on Friday, hitting $32.62. The company's stock had a trading volume of 1,808,219 shares, compared to its average volume of 3,411,630. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The stock has a 50 day moving average of $33.67 and a 200 day moving average of $32.83. The company has a market capitalization of $19.99 billion, a PE ratio of 42.36, a price-to-earnings-growth ratio of 3.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02.

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

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.56%. Invitation Home's payout ratio is presently 150.65%.

Analyst Ratings Changes

INVH has been the subject of a number of research analyst reports. Mizuho raised Invitation Home from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. 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 boosted their target price on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Barclays boosted their target price on Invitation Home from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus 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.