Invitation Home (NYSE:INVH) Holdings Decreased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has decreased its stake in Invitation Home by 36.2%, selling nearly 4 million shares and owning 1.14% of the company worth approximately $243 million as of the latest report.
• In recent analyst reports, multiple brokerages, including Raymond James and Goldman Sachs, have raised their price targets for Invitation Home, reflecting a consensus rating of "Moderate Buy" among analysts.
• Invitation Home recently announced a quarterly dividend of $0.29 per share with a current payout ratio of 131.82%, highlighting the company's focus on returning value to shareholders.

JPMorgan Chase & Co. lessened its position in shares of Invitation Home (NYSE:INVH - Free Report) by 36.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,982,033 shares of the company's stock after selling 3,967,010 shares during the period. JPMorgan Chase & Co. owned about 1.14% of Invitation Home worth $243,324,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in INVH. Larson Financial Group LLC lifted its holdings 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 worth $32,000 after purchasing an additional 854 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Invitation Home in the 1st quarter valued at approximately $40,000. North Capital Inc. acquired a new stake in Invitation Home in the 1st quarter valued at approximately $41,000. Avalon Trust Co acquired a new stake in Invitation Home in the 1st quarter valued at approximately $63,000. Finally, NBC Securities Inc. increased its position in 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 during the period. Institutional investors own 96.79% of the company's stock.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction 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 transaction, the chief executive officer directly owned 642,973 shares in the company, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by insiders.

Invitation Home Price Performance

Shares of NYSE INVH traded up $0.31 during mid-day trading on Friday, reaching $30.56. The company had a trading volume of 4,870,940 shares, compared to its average volume of 3,817,625. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $18.73 billion, a PE ratio of 34.73, a P/E/G ratio of 3.10 and a beta of 0.78. The company has a 50-day moving average price of $32.14 and a two-hundred day moving average price of $32.83. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. The business had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. On average, equities analysts anticipate that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, June 26th. Invitation Home's payout ratio is presently 131.82%.

Wall Street Analysts Forecast Growth

INVH has been the topic of several analyst reports. Raymond James Financial raised their target price on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Scotiabank raised their target price on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods lowered their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Royal Bank Of Canada lowered their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Finally, Oppenheimer lifted their price target on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.53.

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.