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

Invitation Home logo with Finance background

Envestnet Asset Management Inc. decreased its holdings in Invitation Home (NYSE:INVH - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 551,527 shares of the company's stock after selling 23,276 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Invitation Home worth $19,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in Invitation Home in the 4th quarter worth approximately $867,000. Raymond James Financial Inc. bought a new position in shares of Invitation Home in the fourth quarter worth $7,251,000. Sequoia Financial Advisors LLC increased its holdings in shares of Invitation Home by 10.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,450 shares of the company's stock worth $238,000 after purchasing an additional 682 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Invitation Home by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock worth $235,000 after buying an additional 412 shares in the last quarter. Finally, Cibc World Markets Corp boosted its stake in Invitation Home by 11.2% during the fourth quarter. Cibc World Markets Corp now owns 256,170 shares of the company's stock valued at $8,190,000 after buying an additional 25,766 shares during the period. Institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

INVH has been the subject of several recent analyst reports. Raymond James Financial boosted their price objective on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Barclays reissued an "overweight" rating on shares of Invitation Home in a research note on Tuesday. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and raised their price objective for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Royal Bank Of Canada lifted their price objective on shares of Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Finally, Oppenheimer increased their target price on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $37.97.

View Our Latest Research Report on Invitation Home

Insider Activity

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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.29% of the company's stock.

Invitation Home Trading Down 0.1%

NYSE:INVH traded down $0.04 during midday trading on Friday, reaching $32.22. 2,456,929 shares of the stock traded hands, compared to its average volume of 3,388,381. The stock has a market capitalization of $19.75 billion, a P/E ratio of 41.84, a PEG ratio of 2.41 and a beta of 0.80. 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 company has a fifty day moving average of $33.24 and a 200 day moving average of $32.84. Invitation Home has a 12 month low of $29.37 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The business had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. During the same quarter in the prior year, the company posted $0.47 EPS. Invitation Home's quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

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

Invitation Home Profile

(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.

See Also

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

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