Invitation Home (NYSE:INVH) Shares Sold by KBC Group NV

KBC Group NV cut its stake in Invitation Home (NYSE:INVH - Free Report) by 68.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,028 shares of the company's stock after selling 193,875 shares during the quarter. KBC Group NV's holdings in Invitation Home were worth $3,172,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of INVH. Cohen & Steers Inc. increased its holdings in shares of Invitation Home by 1.7% during the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares in the last quarter. Norges Bank acquired a new stake in Invitation Home during the fourth quarter valued at $1,646,794,000. Geode Capital Management LLC grew its position in Invitation Home by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock valued at $480,276,000 after buying an additional 365,954 shares during the period. Centersquare Investment Management LLC increased its holdings in Invitation Home by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after buying an additional 3,870,432 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Invitation Home by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Price Performance

INVH traded up $0.11 on Friday, reaching $32.62. 1,808,219 shares of the company's stock were exchanged, compared to its average volume of 3,415,021. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The stock has a market cap of $19.99 billion, a PE ratio of 42.36, a P/E/G ratio of 3.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02. The stock's fifty day moving average price is $33.67 and its 200-day moving average price is $32.85.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The business 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 revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. Sell-side analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is currently 150.65%.

Insider Transactions at Invitation Home

In other 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 transaction of $4,969,704.09. Following the transaction, the chief executive officer owned 642,973 shares in the company, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on INVH shares. 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. Mizuho upgraded Invitation Home from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Oppenheimer raised their price objective on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. The Goldman Sachs Group upped their target price on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Barclays lifted their price target on shares of Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Invitation Home presently has a consensus 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.