Teacher Retirement System of Texas Decreases Holdings in Invitation Home (NYSE:INVH)

Teacher Retirement System of Texas lessened its position in Invitation Home (NYSE:INVH - Free Report) by 8.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,082 shares of the company's stock after selling 8,142 shares during the period. Teacher Retirement System of Texas' holdings in Invitation Home were worth $2,965,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Invitation Home by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after purchasing an additional 2,344 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after buying an additional 19,084 shares during the last quarter. Capital World Investors purchased a new position in shares of Invitation Home during the fourth quarter valued at approximately $4,891,000. GF Fund Management CO. LTD. purchased a new position in shares of Invitation Home during the fourth quarter valued at approximately $338,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Invitation Home by 10.1% during the fourth quarter. Advisors Asset Management Inc. now owns 112,944 shares of the company's stock valued at $3,611,000 after acquiring an additional 10,343 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Home Stock Down 0.1%

Invitation Home stock traded down $0.04 during mid-day trading on Friday, reaching $32.34. The stock had a trading volume of 2,394,757 shares, compared to its average volume of 3,392,891. Invitation Home has a one year low of $29.37 and a one year high of $37.80. The company has a 50-day moving average price of $33.45 and a two-hundred day moving average price of $32.84. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 3.21 and a beta of 0.80. 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 (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (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 the consensus estimate of $663.77 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business's revenue was up 4.4% on a year-over-year basis. On average, analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, June 26th. Invitation Home's payout ratio is currently 150.65%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on INVH. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their price target for the company from $35.00 to $38.50 in a report on Friday, June 6th. Raymond James Financial lifted their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods increased their price target on shares of Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, May 5th. Oppenheimer raised their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Scotiabank upped their target price on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Invitation Home presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.97.

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 sale, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by 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.