Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Invitation Home (NYSE:INVH)

Sumitomo Mitsui Trust Group Inc. decreased its position in Invitation Home (NYSE:INVH - Free Report) by 34.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,328,418 shares of the company's stock after selling 1,249,083 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.38% of Invitation Home worth $81,145,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Invitation Home in the fourth quarter worth $1,646,794,000. JPMorgan Chase & Co. grew its position in Invitation Home by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the period. Centersquare Investment Management LLC raised its stake in Invitation Home by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after buying an additional 3,870,432 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Invitation Home during the 4th quarter valued at $67,743,000. Finally, Northern Trust Corp lifted its holdings in shares of Invitation Home by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after buying an additional 1,463,236 shares during the period. Institutional investors own 96.79% of the company's stock.

Invitation Home Price Performance

INVH stock traded up $0.11 during mid-day trading on Friday, reaching $32.62. 1,808,219 shares of the company's stock were exchanged, compared to its average volume of 3,411,630. The company has a debt-to-equity ratio of 0.46, 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 stock's 50 day moving average is $33.67 and its 200 day moving average is $32.83. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 3.24 and a beta of 0.80.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. On average, research analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.56%. Invitation Home's payout ratio is 150.65%.

Insiders Place Their Bets

In other news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company's stock.

Analyst Ratings Changes

INVH has been the subject of a number of research reports. Royal Bank Of Canada upped their price objective 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. Barclays boosted their price target on Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Raymond James Financial raised their price objective on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. The Goldman Sachs Group boosted their price objective on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Mizuho upgraded shares of Invitation Home from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.