Invesco Ltd. trimmed its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 11.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,497,651 shares of the company's stock after selling 1,408,046 shares during the quarter. Invesco Ltd. owned approximately 1.71% of Invitation Home worth $365,843,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. bought a new position in Invitation Home during the 1st quarter valued at $207,000. Zions Bancorporation National Association UT bought a new position in shares of Invitation Home in the 1st quarter worth about $40,000. National Bank of Canada FI lifted its position in shares of Invitation Home by 61.1% in the 1st quarter. National Bank of Canada FI now owns 429,924 shares of the company's stock worth $14,983,000 after buying an additional 163,128 shares during the last quarter. Citigroup Inc. lifted its position in shares of Invitation Home by 15.7% in the 1st quarter. Citigroup Inc. now owns 553,326 shares of the company's stock worth $19,283,000 after buying an additional 75,058 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Invitation Home by 8.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,436,517 shares of the company's stock worth $50,063,000 after buying an additional 110,892 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.
Insider Transactions at Invitation Home
In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction 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 in the company, valued at $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 available at this link. Company insiders own 0.29% of the company's stock.
Invitation Home Stock Up 0.6%
Shares of INVH stock traded up $0.18 during trading on Friday, hitting $30.43. 1,794,631 shares of the company were exchanged, compared to its average volume of 3,294,212. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 3.13 and a beta of 0.78. The business's 50-day simple moving average is $32.19 and its 200 day simple moving average is $32.84. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80.
Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting 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 last year, the firm posted $0.47 earnings per share. The company's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.
Invitation Home Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. Invitation Home's payout ratio is 131.82%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Barclays dropped their price objective on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday. Oppenheimer increased 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. Royal Bank Of Canada dropped their price objective on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Finally, Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $37.53.
Read Our Latest Stock Report on INVH
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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