Bessemer Group Inc. Reduces Stake in Invitation Home (NYSE:INVH)

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

A number of other institutional investors have also added to or reduced their stakes in the company. Cohen & Steers Inc. grew its holdings in shares of Invitation Home by 1.7% during the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares during the last quarter. Norges Bank purchased a new stake in Invitation Home during the fourth quarter valued at about $1,646,794,000. Geode Capital Management LLC grew its stake in shares of Invitation Home by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock valued at $480,276,000 after buying an additional 365,954 shares during the last quarter. Centersquare Investment Management LLC increased 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 worth $412,366,000 after buying an additional 3,870,432 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Invitation Home by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after acquiring an additional 4,661,213 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Insider Buying and Selling

In related news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 642,973 shares in the company, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company's stock.

Invitation Home Price Performance

INVH stock traded down $0.06 during trading on Thursday, hitting $32.45. 1,808,175 shares of the company's stock traded hands, compared to its average volume of 3,405,103. The business has a fifty day simple moving average of $33.72 and a 200 day simple moving average of $32.83. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 3.26 and a beta of 0.80.

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

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be paid a $0.29 dividend. The ex-dividend date is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.57%. Invitation Home's dividend payout ratio (DPR) is presently 150.65%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $35.00 to $38.50 in a research note on Friday, June 6th. Mizuho raised Invitation Home from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Keefe, Bruyette & Woods raised their price objective on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Royal Bank Of Canada boosted their target price on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Finally, Oppenheimer raised their target price on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently 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.