Invitation Home (NYSE:INVH) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 69.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 846,422 shares of the company's stock after purchasing an additional 345,982 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.14% of Invitation Home worth $29,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after buying an additional 19,084 shares during the period. Capital World Investors purchased a new stake in Invitation Home in the fourth quarter valued at approximately $4,891,000. GF Fund Management CO. LTD. acquired a new position in Invitation Home during the fourth quarter worth approximately $338,000. JPMorgan Chase & Co. raised its stake in Invitation Home by 74.1% during the fourth 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. Finally, Allstate Corp boosted its holdings in shares of Invitation Home by 25.5% in the 4th quarter. Allstate Corp now owns 135,750 shares of the company's stock valued at $4,340,000 after purchasing an additional 27,542 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Stock Down 0.7%

INVH stock traded down $0.22 during midday trading on Friday, hitting $31.91. 3,959,877 shares of the company's stock were exchanged, compared to its average volume of 2,901,988. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 2.38 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. The firm has a 50 day moving average price of $33.01 and a 200-day moving average price of $32.88. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $663.77 million. During the same period in the prior year, the company posted $0.47 earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. Invitation Home's dividend payout ratio (DPR) is 150.65%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Oppenheimer increased their target price on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods raised their price objective on Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Royal Bank Of Canada increased their target price on shares of Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Finally, Scotiabank lifted their price target on shares of Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $37.97.

Insider Activity

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction on Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the completion of the transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.29% of the company's stock.

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.