Invitation Home $INVH Stock Position Raised by National Pension Service

Key Points

• The National Pension Service increased its stake in Invitation Home (NYSE:INVH) by 8.0% in Q1, holding 934,665 shares valued at approximately $32.57 million.
• Invitation Home reported a quarterly earnings of $0.48 per share, matching analysts' expectations, and revenue grew by 4.3% year-over-year.
• The company recently announced a quarterly dividend of $0.29, with a dividend yield of 3.8% and a payout ratio of 131.82%.

National Pension Service grew its position in Invitation Home (NYSE:INVH - Free Report) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 934,665 shares of the company's stock after purchasing an additional 69,106 shares during the quarter. National Pension Service owned approximately 0.15% of Invitation Home worth $32,573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Toronto Dominion Bank raised its stake in Invitation Home by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after acquiring an additional 19,084 shares in the last quarter. Capital World Investors purchased a new stake in shares of Invitation Home in the fourth quarter valued at about $4,891,000. GF Fund Management CO. LTD. purchased a new stake in shares of Invitation Home in the fourth quarter valued at about $338,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invitation Home by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after acquiring an additional 1,268 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in Invitation Home during the fourth quarter worth about $265,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly 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. Company insiders own 0.29% of the company's stock.

Invitation Home Trading Down 1.9%

INVH stock traded down $0.57 on Monday, hitting $29.98. 3,451,863 shares of the company were exchanged, compared to its average volume of 3,938,231. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The business's fifty day moving average is $32.07 and its two-hundred day moving average is $32.85. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 3.13 and a beta of 0.78.

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

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were paid a $0.29 dividend. The ex-dividend date was Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. Invitation Home's dividend payout ratio is 131.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INVH. Royal Bank Of Canada decreased 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. Oppenheimer boosted 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. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Keefe, Bruyette & Woods decreased their price objective 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. Finally, Barclays decreased their price objective on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Invitation Home currently has an average rating of "Hold" and a consensus price target of $37.26.

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.