Invitation Home (NYSE:INVH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Invitation Home (NYSE:INVH - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,844 shares of the company's stock after selling 23,172 shares during the period. New York State Common Retirement Fund owned 0.05% of Invitation Home worth $10,694,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. North Capital Inc. bought a new stake in shares of Invitation Home during the first quarter valued at approximately $41,000. NBC Securities Inc. raised its stake in shares of Invitation Home by 99,700.0% during the first quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock valued at $69,000 after acquiring an additional 1,994 shares in the last quarter. Wealthquest Corp bought a new stake in shares of Invitation Home during the first quarter valued at approximately $70,000. Opal Wealth Advisors LLC bought a new stake in shares of Invitation Home during the first quarter valued at approximately $86,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Invitation Home by 69.9% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,608 shares of the company's stock valued at $91,000 after acquiring an additional 1,073 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Home Trading Down 0.1%

NYSE:INVH traded down $0.04 on Friday, hitting $32.22. The stock had a trading volume of 2,459,007 shares, compared to its average volume of 3,390,994. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.46. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 2.41 and a beta of 0.80. The company has a fifty day moving average price of $33.19 and a two-hundred day moving average price of $32.85. 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 issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping 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 firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same period in the prior year, the business posted $0.47 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is 150.65%.

Insider Activity at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the firm's 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 transaction, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays reissued an "overweight" rating on shares of Invitation Home in a report on Tuesday, July 15th. Keefe, Bruyette & Woods lifted their price target 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. 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 research note on Friday, May 9th. Royal Bank Of Canada lifted their price objective on shares of Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Finally, Scotiabank lifted their price objective on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.97.

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.