Chilton Capital Management LLC Cuts Position in Invitation Home (NYSE:INVH)

Chilton Capital Management LLC cut its holdings in Invitation Home (NYSE:INVH - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 394,410 shares of the company's stock after selling 15,938 shares during the period. Chilton Capital Management LLC owned 0.06% of Invitation Home worth $13,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in shares of Invitation Home by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. raised its position in Invitation Home by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Invitation Home by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the period. North Capital Inc. acquired a new position in shares of Invitation Home in the first quarter worth about $41,000. Finally, Jones Financial Companies Lllp raised its position 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 valued at $59,000 after buying an additional 806 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on INVH shares. Oppenheimer raised their price target on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada boosted their price target on Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Scotiabank lifted their price target on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Raymond James Financial lifted their price target on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and increased their price target for the stock from $35.00 to $38.50 in a research note 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.97.

Invitation Home Trading Down 0.9%

NYSE INVH traded down $0.28 during trading hours on Monday, hitting $32.34. 659,237 shares of the company's stock were exchanged, compared to its average volume of 3,404,166. The business's 50 day moving average is $33.67 and its 200-day moving average is $32.85. Invitation Home has a 12-month low of $29.37 and a 12-month 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 firm has a market capitalization of $19.82 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 3.24 and a beta of 0.80.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The firm had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. During the same quarter last year, the company earned $0.47 EPS. Invitation Home's quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

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 issued a dividend of $0.29 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.59%. Invitation Home's dividend payout ratio (DPR) is currently 150.65%.

Insider Buying and Selling

In other news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.