Kentucky Retirement Systems Insurance Trust Fund Takes $620,000 Position in Invitation Home (NYSE:INVH)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Invitation Home (NYSE:INVH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,794 shares of the company's stock, valued at approximately $620,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position in shares of Invitation Home by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Invitation Home by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Invitation Home by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP raised its position in shares of Invitation Home by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after purchasing an additional 702 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Invitation Home by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock valued at $59,000 after purchasing an additional 806 shares during the period. Institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

INVH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target 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. Oppenheimer boosted their target price on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada boosted 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. Mizuho raised shares of Invitation Home from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Raymond James Financial boosted their target price on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.97.

Invitation Home Price Performance

Shares of NYSE:INVH traded down $0.02 on Thursday, hitting $32.94. The stock had a trading volume of 3,404,425 shares, compared to its average volume of 3,404,329. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02. The firm's 50 day moving average price is $33.82 and its 200-day moving average price is $32.85. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 3.39 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $674.48 million for the quarter, compared to the consensus estimate of $663.77 million. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. On average, equities research analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.52%. Invitation Home's dividend payout ratio (DPR) is 150.65%.

Insider Buying and Selling

In related news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the transaction, the chief executive officer now owns 642,973 shares in the company, valued at $21,481,727.93. This represents a 18.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

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.