Teacher Retirement System of Texas Reduces Stock Position in Invitation Home (NYSE:INVH)

Teacher Retirement System of Texas lowered its position in shares of Invitation Home (NYSE:INVH - Free Report) by 8.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,082 shares of the company's stock after selling 8,142 shares during the quarter. 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 institutional investors and hedge funds have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in Invitation Home by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after acquiring an additional 378 shares during the period. Jones Financial Companies Lllp lifted its position 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 valued at $59,000 after buying an additional 806 shares during the last quarter. NBC Securities Inc. lifted its position 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 valued at $69,000 after buying an additional 1,994 shares during the last quarter. Wealthquest Corp acquired a new stake in shares of Invitation Home in the first quarter valued at approximately $70,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Invitation Home in the first quarter valued at approximately $86,000. Institutional investors own 96.79% of the company's stock.

Insiders Place Their Bets

In related 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 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 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. Company insiders own 0.29% of the company's stock.

Invitation Home Trading Up 0.2%

Shares of NYSE:INVH traded up $0.05 during midday trading on Wednesday, reaching $32.28. The company's stock had a trading volume of 2,602,990 shares, compared to its average volume of 3,409,602. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 3.21 and a beta of 0.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a 50 day moving average price of $33.61 and a two-hundred day moving average price of $32.84. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The company had revenue of $674.48 million for 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 previous year, the business earned $0.47 EPS. As a group, analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on INVH shares. Keefe, Bruyette & Woods increased their target price on Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, May 5th. Royal Bank Of Canada raised their price objective on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Raymond James Financial lifted their price target on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Oppenheimer lifted their price target on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Citigroup upgraded 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 research note on Friday, June 6th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Invitation Home presently has an average rating of "Moderate Buy" and an average price target of $37.97.

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.