Deutsche Bank AG Sells 44,332 Shares of Invitation Home (NYSE:INVH)

Key Points

• Deutsche Bank AG reduced its holdings in Invitation Home by 2.6%, selling 44,332 shares during the first quarter, bringing its total ownership to 1,652,013 shares.
• Analysts have mixed views on Invitation Home, with price targets ranging from $33.00 to $43.00, and an average rating of "Moderate Buy."
• Invitation Home recently announced a quarterly dividend of $0.29 per share, translating to an annual yield of 3.9% and a payout ratio of 131.82%.

Deutsche Bank AG reduced its holdings in Invitation Home (NYSE:INVH - Free Report) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,652,013 shares of the company's stock after selling 44,332 shares during the quarter. Deutsche Bank AG owned 0.27% of Invitation Home worth $57,573,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC raised its position in Invitation Home by 1,313.8% in the 1st 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 last quarter. North Capital Inc. acquired a new stake in Invitation Home in the 1st quarter valued at approximately $41,000. Avalon Trust Co acquired a new stake in Invitation Home in the 1st quarter valued at approximately $63,000. NBC Securities Inc. raised its position in Invitation Home by 99,700.0% in 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 during the last quarter. Finally, Wealthquest Corp acquired a new stake in Invitation Home in the 1st quarter valued at approximately $70,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays restated an "overweight" rating on shares of Invitation Home in a research note on Tuesday, July 15th. Scotiabank raised their price target on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Raymond James Financial raised their price target on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods decreased their price target on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their price target on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $37.64.

Invitation Home Stock Performance

Shares of NYSE INVH opened at $29.92 on Tuesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. 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 $32.36 and a 200-day moving average of $32.88. The company has a market capitalization of $18.34 billion, a P/E ratio of 34.00, a P/E/G ratio of 3.07 and a beta of 0.78.

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

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is presently 131.82%.

Insiders Place Their Bets

In related news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

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.

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