Keybank National Association OH Cuts Holdings in Invitation Home (NYSE:INVH)

Keybank National Association OH lowered its position in Invitation Home (NYSE:INVH - Free Report) by 42.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 174,895 shares of the company's stock after selling 131,290 shares during the period. Keybank National Association OH's holdings in Invitation Home were worth $6,095,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in Invitation Home by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its holdings 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 valued at $30,000 after purchasing an additional 825 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 valued at $33,000 after purchasing an additional 378 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings 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 valued at $59,000 after purchasing an additional 806 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in shares of Invitation Home by 99,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock valued at $69,000 after purchasing an additional 1,994 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

INVH has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and increased their price objective for the company from $35.00 to $38.50 in a report on Friday, June 6th. Mizuho raised shares of Invitation Home from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Finally, Raymond James Financial increased their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Invitation Home currently has an average rating of "Moderate Buy" and a consensus price target of $37.97.

Insiders Place Their Bets

In other news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction that occurred on 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 directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

Invitation Home Trading Down 1.0%

Invitation Home stock traded down $0.33 during midday trading on Monday, reaching $32.29. The stock had a trading volume of 2,968,321 shares, compared to its average volume of 3,413,235. 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 $19.79 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 3.24 and a beta of 0.80. The company has a fifty day moving average of $33.64 and a 200 day moving average of $32.85.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data 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. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The company had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same period in the prior year, the company posted $0.47 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently disclosed 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. This represents a $1.16 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is currently 150.65%.

Invitation Home Company 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.