LPL Financial LLC Purchases 60,604 Shares of Invitation Home $INVH

Key Points

• LPL Financial LLC increased its stake in Invitation Home by 78.7%, owning 137,605 shares valued at approximately $4.8 million after purchasing an additional 60,604 shares in the first quarter.
• Invitation Home reported a Q2 EPS of $0.48, meeting expectations, with revenue of $681.4 million, up 4.3% year-over-year.
• The company announced a quarterly dividend of $0.29 per share, resulting in an annualized yield of 3.8%, though its payout ratio is notably high at 131.82%.

LPL Financial LLC boosted its stake in Invitation Home (NYSE:INVH - Free Report) by 78.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,605 shares of the company's stock after acquiring an additional 60,604 shares during the period. LPL Financial LLC's holdings in Invitation Home were worth $4,796,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of Invitation Home by 6.6% during the fourth 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 during the last quarter. Capital World Investors purchased a new stake in Invitation Home during the fourth quarter valued at about $4,891,000. GF Fund Management CO. LTD. purchased a new stake in Invitation Home during the fourth quarter valued at about $338,000. Wealth Enhancement Advisory Services LLC lifted its stake in Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after buying an additional 1,268 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in Invitation Home during the fourth quarter valued at about $265,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Performance

Shares of Invitation Home stock traded down $0.40 during midday trading on Monday, hitting $30.15. The company had a trading volume of 777,712 shares, compared to its average volume of 3,297,936. The business's 50 day simple moving average is $32.14 and its two-hundred day simple moving average is $32.86. The stock has a market cap of $18.48 billion, a PE ratio of 34.30, a P/E/G ratio of 3.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80.

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

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were issued 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 dividend yield of 3.8%. Invitation Home's dividend payout ratio (DPR) is presently 131.82%.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction dated Friday, June 13th. The stock was 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 of the company's stock, 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 SEC, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INVH. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and increased their price target for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. The Goldman Sachs Group increased their price target 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. Oppenheimer increased their price target on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Scotiabank increased their price target on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Barclays reduced their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $37.26.

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.