Invitation Home (NYSE:INVH) Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Invitation Home by 1.0%, acquiring an additional 65,843 shares, bringing their total to 6,664,294 shares valued at approximately $232.25 million.
• Invitation Home reported $681.40 million in revenue for the most recent quarter, marking a 4.3% increase year-over-year, and meeting earnings expectations with $0.48 EPS.
• The company declared a quarterly dividend of $0.29 per share, with a dividend yield of 3.9%, despite a high payout ratio of 131.82%.

Charles Schwab Investment Management Inc. boosted its stake in Invitation Home (NYSE:INVH - Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,664,294 shares of the company's stock after purchasing an additional 65,843 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.09% of Invitation Home worth $232,251,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC grew its position in shares of Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after acquiring an additional 854 shares during the period. North Capital Inc. purchased a new position in shares of Invitation Home during the 1st quarter valued at $41,000. Avalon Trust Co purchased a new position in shares of Invitation Home during the 1st quarter valued at $63,000. NBC Securities Inc. lifted its stake in shares of Invitation Home by 99,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock valued at $69,000 after buying an additional 1,994 shares in the last quarter. Finally, Wealthquest Corp purchased a new position in shares of Invitation Home during the 1st quarter valued at $70,000. Institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Tuesday. Scotiabank boosted their target price on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. The Goldman Sachs Group upped their target price on shares of Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Raymond James Financial increased their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada lowered their target price on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Invitation Home presently has an average rating of "Moderate Buy" and an average price target of $37.53.

Insider Buying and Selling at Invitation Home

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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company's stock.

Invitation Home Stock Performance

NYSE:INVH traded down $0.28 during mid-day trading on Thursday, hitting $30.26. The company's stock had a trading volume of 3,000,891 shares, compared to its average volume of 3,304,534. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.08 and a beta of 0.78. The business's fifty day moving average is $32.24 and its two-hundred day moving average is $32.84.

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

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were given a $0.29 dividend. The ex-dividend date was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. Invitation Home's dividend payout ratio is 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.