Sumitomo Mitsui Trust Group Inc. Sells 1,249,083 Shares of Invitation Home (NYSE:INVH)

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Invitation Home (NYSE:INVH - Free Report) by 34.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,328,418 shares of the company's stock after selling 1,249,083 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.38% of Invitation Home worth $81,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its stake in shares of Invitation Home by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Invitation Home by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after purchasing an additional 825 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Invitation Home by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Invitation Home by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock worth $59,000 after purchasing an additional 806 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in shares of Invitation Home by 99,700.0% in the first quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock worth $69,000 after purchasing an additional 1,994 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on INVH. Barclays lifted their target price on Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Royal Bank Of Canada upped their price target on Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. The Goldman Sachs Group upped their price target on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Raymond James Financial upped their price target on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Oppenheimer upped their price target on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Invitation Home has an average rating of "Moderate Buy" and an average target price of $37.97.

Invitation Home Price Performance

Shares of NYSE INVH traded down $0.04 during midday trading on Tuesday, hitting $32.76. 4,900,487 shares of the company's stock were exchanged, compared to its average volume of 3,416,004. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 3.25 and a beta of 0.82. The business's fifty day moving average price is $33.77 and its two-hundred day moving average price is $32.84.

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. The company had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. Invitation Home's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.54%. The ex-dividend date is Thursday, June 26th. Invitation Home's dividend payout ratio is currently 150.65%.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.