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Envestnet Asset Management Inc. Sells 23,276 Shares of Invitation Home (NYSE:INVH)

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Envestnet Asset Management Inc. trimmed its stake in Invitation Home (NYSE:INVH - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 551,527 shares of the company's stock after selling 23,276 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.09% of Invitation Home worth $19,221,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in INVH. Global Wealth Management Investment Advisory Inc. boosted its holdings in Invitation Home by 7.7% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 21,473 shares of the company's stock valued at $748,000 after purchasing an additional 1,536 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Invitation Home by 3.0% in the first quarter. IFM Investors Pty Ltd now owns 275,917 shares of the company's stock valued at $9,729,000 after purchasing an additional 8,009 shares during the last quarter. GF Fund Management CO. LTD. boosted its holdings in Invitation Home by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 11,023 shares of the company's stock valued at $384,000 after purchasing an additional 448 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in Invitation Home by 25.2% in the first quarter. Checchi Capital Advisers LLC now owns 12,451 shares of the company's stock valued at $434,000 after purchasing an additional 2,504 shares during the last quarter. Finally, North Capital Inc. purchased a new position in Invitation Home in the first quarter valued at about $41,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INVH. Scotiabank raised 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 lifted their target price on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their target price on Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and raised their target price for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Finally, Raymond James Financial raised their target price on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.97.

Get Our Latest Analysis on INVH

Invitation Home Trading Down 0.1%

Shares of INVH stock traded down $0.04 during trading hours on Friday, reaching $32.22. The company had a trading volume of 2,459,007 shares, compared to its average volume of 3,390,994. The company has a 50 day moving average of $33.19 and a 200 day moving average of $32.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 41.84, a P/E/G ratio of 2.41 and a beta of 0.80. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80.

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

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.60%. Invitation Home's payout ratio is 150.65%.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company's stock.

About Invitation Home

(Free Report)

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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Institutional Ownership by Quarter for Invitation Home (NYSE:INVH)

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