Envestnet Portfolio Solutions Inc. Lowers Holdings in Invitation Home (NYSE:INVH)

Envestnet Portfolio Solutions Inc. lowered its holdings in Invitation Home (NYSE:INVH - Free Report) by 46.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,464 shares of the company's stock after selling 8,896 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Invitation Home were worth $365,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Lindbrook Capital LLC boosted its position in Invitation Home by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Invitation Home by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Invitation Home by 58.5% during the 4th 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 boosted its holdings in Invitation Home by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock valued at $59,000 after acquiring an additional 806 shares during the period. Finally, NBC Securities Inc. grew its position in Invitation Home by 99,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock worth $69,000 after acquiring an additional 1,994 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Home Stock Down 1.0%

Shares of INVH stock traded down $0.33 during trading hours on Wednesday, reaching $32.46. 1,867,889 shares of the company's stock were exchanged, compared to its average volume of 3,408,189. The stock's 50 day moving average is $33.75 and its 200-day moving average is $32.83. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The company has a market cap of $19.89 billion, a price-to-earnings ratio of 42.15, a P/E/G ratio of 3.26 and a beta of 0.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46.

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 for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. Analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 26th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Thursday, June 26th. Invitation Home's payout ratio is 150.65%.

Insider Activity at Invitation Home

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 value of $4,969,704.09. Following the sale, the chief executive officer owned 642,973 shares in the company, 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 at this hyperlink. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on INVH shares. The Goldman Sachs Group raised their target price on shares of Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods raised 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. Royal Bank Of Canada upped their price objective on shares of Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Mizuho raised 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. Finally, Scotiabank boosted their price target on Invitation Home from $36.00 to $38.00 and gave the company 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 stock. According to data from MarketBeat, the company has a consensus 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.