IFM Investors Pty Ltd Purchases 8,009 Shares of Invitation Home (NYSE:INVH)

IFM Investors Pty Ltd boosted its holdings in Invitation Home (NYSE:INVH - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,917 shares of the company's stock after purchasing an additional 8,009 shares during the quarter. IFM Investors Pty Ltd's holdings in Invitation Home were worth $9,729,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC grew its position in Invitation Home by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Invitation Home by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Invitation Home by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after acquiring an additional 378 shares during the last quarter. North Capital Inc. purchased a new position in Invitation Home during the 1st quarter worth $41,000. Finally, Jones Financial Companies Lllp boosted its holdings in Invitation Home by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock worth $59,000 after acquiring an additional 806 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Stock Performance

Shares of NYSE INVH traded down $0.33 during midday trading on Monday, hitting $32.29. The company's stock had a trading volume of 2,968,321 shares, compared to its average volume of 3,413,233. The stock has a fifty day moving average price of $33.64 and a 200 day moving average price of $32.85. Invitation Home has a one year low of $29.37 and a one year high of $37.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 3.24 and a beta of 0.80.

Invitation Home (NYSE:INVH - Get Free Report) last posted 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. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The company had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company's quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently declared 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 3.59%. The ex-dividend date is Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is currently 150.65%.

Analysts Set New Price Targets

INVH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Oppenheimer lifted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Raymond James Financial lifted their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Scotiabank boosted 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.97.

Insiders Place Their Bets

In related news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

About Invitation Home

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.