Kentucky Retirement Systems Insurance Trust Fund Makes New $620,000 Investment in Invitation Home (NYSE:INVH)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Invitation Home (NYSE:INVH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,794 shares of the company's stock, valued at approximately $620,000.

Other hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in shares of Invitation Home by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Invitation Home by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after purchasing an additional 825 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Invitation Home by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the last quarter. Allworth Financial LP increased its stake in shares of Invitation Home by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after purchasing an additional 702 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Invitation Home by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock worth $59,000 after purchasing an additional 806 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Insider Buying and Selling

In related news, CEO Dallas B. Tanner sold 148,749 shares of the company's 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 now directly owns 642,973 shares in the company, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Mizuho upgraded shares of Invitation Home from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Oppenheimer lifted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada lifted their price objective on shares of Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Finally, Raymond James Financial lifted their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.97.

Invitation Home Price Performance

Shares of INVH traded down $0.22 during mid-day trading on Friday, reaching $32.70. 4,361,963 shares of the stock traded hands, compared to its average volume of 3,407,265. The firm has a fifty day moving average price of $33.79 and a 200 day moving average price of $32.84. The company has a market cap of $20.04 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 3.25 and a beta of 0.82. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46. 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 released its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The firm had revenue of $674.48 million during 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 for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.55%. Invitation Home's dividend payout ratio (DPR) is presently 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.