Invitation Home (NYSE:INVH) Shares Purchased by National Bank of Canada FI

Key Points

• National Bank of Canada FI increased its stake in Invitation Home by 61.1%, holding approximately 429,924 shares valued at $14.98 million after purchasing additional shares during the first quarter.
• CEO Dallas B. Tanner sold 148,749 shares of the company, representing an 18.79% decrease in his ownership, valued at nearly $4.97 million.
• Invitation Home recently announced a quarterly dividend of $0.29 per share, reflecting a 3.9% dividend yield, with a payout ratio of 131.82%.

National Bank of Canada FI lifted its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 61.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 429,924 shares of the company's stock after purchasing an additional 163,128 shares during the quarter. National Bank of Canada FI owned about 0.07% of Invitation Home worth $14,983,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Citigroup Inc. boosted its holdings in shares of Invitation Home by 15.7% during the first quarter. Citigroup Inc. now owns 553,326 shares of the company's stock worth $19,283,000 after purchasing an additional 75,058 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Invitation Home by 8.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,436,517 shares of the company's stock worth $50,063,000 after purchasing an additional 110,892 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Invitation Home by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company's stock worth $232,251,000 after purchasing an additional 65,843 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Invitation Home by 0.9% during the first quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company's stock worth $3,286,595,000 after purchasing an additional 829,212 shares during the last quarter. Finally, American Assets Investment Management LLC acquired a new stake in shares of Invitation Home during the first quarter worth $4,274,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Insider Activity

In other 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 transaction of $4,969,704.09. Following the sale, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on INVH shares. The Goldman Sachs Group lifted their target price on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Royal Bank Of Canada reduced their target price on 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 lifted their target price on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods reduced their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Finally, Barclays reiterated an "overweight" rating on shares of Invitation Home in a report on Tuesday, July 15th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Invitation Home presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.64.

Invitation Home Trading Down 0.1%

NYSE:INVH opened at $29.92 on Tuesday. The business's 50-day moving average is $32.36 and its two-hundred day moving average is $32.88. 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 12 month low of $29.37 and a 12 month high of $37.80. The firm has a market capitalization of $18.34 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 3.07 and a beta of 0.78.

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

Invitation Home Dividend Announcement

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

Invitation Home Company 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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