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

Allianz Asset Management GmbH increased its stake in Invitation Home (NYSE:INVH - Free Report) by 69.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846,422 shares of the company's stock after acquiring an additional 345,982 shares during the period. Allianz Asset Management GmbH owned approximately 0.14% of Invitation Home worth $29,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in INVH. Larson Financial Group LLC lifted its position in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after acquiring an additional 854 shares in the last quarter. North Capital Inc. purchased a new stake in shares of Invitation Home in the 1st quarter valued at approximately $41,000. NBC Securities Inc. lifted its position in shares of Invitation Home by 99,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock valued at $69,000 after acquiring an additional 1,994 shares in the last quarter. Wealthquest Corp purchased a new stake in shares of Invitation Home in the 1st quarter valued at approximately $70,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Invitation Home in the 1st quarter worth approximately $86,000. 96.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on INVH shares. Oppenheimer raised their price target on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 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 report on Friday, May 9th. Royal Bank Of Canada lifted their target price on shares of Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group lifted their target price on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Nine equities research 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 has an average rating of "Moderate Buy" and a consensus target price of $37.97.

Invitation Home Stock Down 1.0%

NYSE INVH traded down $0.34 during trading hours on Thursday, hitting $32.15. 2,922,624 shares of the company were exchanged, compared to its average volume of 2,926,186. The company has a 50 day moving average of $33.10 and a two-hundred day moving average of $32.85. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.46. Invitation Home has a 52-week low of $29.37 and a 52-week high of $37.80. The firm has a market cap of $19.70 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 2.43 and a beta of 0.80.

Invitation Home (NYSE:INVH - Get Free Report) last announced its earnings results 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. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The firm had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. During the same period in the prior year, the firm earned $0.47 EPS. The business's revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, June 26th. Invitation Home's payout ratio is currently 150.65%.

About Invitation Home

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.