Forsta AP Fonden Sells 98,900 Shares of Invitation Home (NYSE:INVH)

Key Points

• Forsta AP Fonden sold 98,900 shares of Invitation Home, reducing its stake by 51.3% to 93,800 shares worth approximately $3.27 million at the end of Q1.
• Invitation Home reported earnings of $0.48 per share for the last quarter, matching analysts' expectations, with revenue up 4.3% year-over-year.
• The company recently declared a quarterly dividend of $0.29 per share, reflecting a 3.9% yield and a relatively high dividend payout ratio of 131.82%.

Forsta AP Fonden decreased its position in shares of Invitation Home (NYSE:INVH - Free Report) by 51.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,800 shares of the company's stock after selling 98,900 shares during the period. Forsta AP Fonden's holdings in Invitation Home were worth $3,269,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in Invitation Home by 1,313.8% in 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 in the last quarter. North Capital Inc. acquired a new stake in Invitation Home in the first quarter valued at about $41,000. Avalon Trust Co acquired a new stake in Invitation Home in the first quarter valued at about $63,000. NBC Securities Inc. boosted its stake in Invitation Home by 99,700.0% in 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 in the last quarter. Finally, Wealthquest Corp acquired a new stake in Invitation Home in the first quarter valued at about $70,000. Institutional investors own 96.79% of the company's stock.

Invitation Home Trading Down 0.1%

Shares of INVH stock opened at $29.92 on Tuesday. The company has a market cap of $18.34 billion, a P/E ratio of 34.00, a PEG ratio of 3.07 and a beta of 0.78. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The stock has a 50 day simple moving average of $32.36 and a two-hundred day simple moving average of $32.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02.

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

Invitation Home Dividend Announcement

The business 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. The ex-dividend date was Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.9%. Invitation Home's dividend payout ratio is 131.82%.

Insider Transactions at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction 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 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 SEC, which can be accessed through this link. Company insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on INVH shares. 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 research note on Friday, May 9th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and lifted their price target for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Scotiabank lifted 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. The Goldman Sachs Group lifted 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. Finally, Royal Bank Of Canada cut their price target on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Invitation Home currently has a consensus rating of "Moderate Buy" and an average target price of $37.64.

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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