Invitation Home $INVH Shares Acquired by Citigroup Inc.

Citigroup Inc. boosted its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 553,326 shares of the company's stock after buying an additional 75,058 shares during the quarter. Citigroup Inc. owned approximately 0.09% of Invitation Home worth $19,283,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after buying an additional 854 shares during the period. North Capital Inc. purchased a new position in Invitation Home during the first quarter valued at approximately $41,000. Avalon Trust Co purchased a new position in Invitation Home during the first quarter valued at approximately $63,000. NBC Securities Inc. increased its holdings in Invitation Home by 99,700.0% during the first 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 during the period. Finally, Wealthquest Corp purchased a new position in Invitation Home during the first quarter valued at approximately $70,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Oppenheimer lifted their price objective on shares of 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 lifted their price target on shares of Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. 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 report on Monday, May 12th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $37.26.

Insider Transactions at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the business'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 $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

Invitation Home Stock Performance

Shares of NYSE:INVH traded down $0.36 on Monday, hitting $30.19. 871,155 shares of the company were exchanged, compared to its average volume of 3,298,652. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80. The stock's 50 day moving average price is $32.14 and its 200 day moving average price is $32.86. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $18.50 billion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 3.13 and a beta of 0.78.

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

Invitation Home Announces Dividend

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