Natixis Advisors LLC Sells 13,743 Shares of Invitation Home (NYSE:INVH)

Key Points

• Natixis Advisors LLC reduced its stake in Invitation Home by 11.1%, selling 13,743 shares and holding 110,261 shares valued at $3,843,000.
• Invitation Home reported a $0.48 EPS for the quarter, meeting expectations, with quarterly revenue up 4.3% year-over-year.
• The company recently declared a quarterly dividend of $0.29, resulting in an annualized dividend of $1.16 and a yield of 3.8%.

Natixis Advisors LLC decreased its stake in Invitation Home (NYSE:INVH - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,261 shares of the company's stock after selling 13,743 shares during the quarter. Natixis Advisors LLC's holdings in Invitation Home were worth $3,843,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank increased its position in shares of Invitation Home by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after purchasing an additional 19,084 shares in the last quarter. Capital World Investors acquired a new stake in shares of Invitation Home during the fourth quarter worth approximately $4,891,000. GF Fund Management CO. LTD. bought a new position in shares of Invitation Home in the fourth quarter valued at approximately $338,000. Wealth Enhancement Advisory Services LLC grew its position in Invitation Home by 9.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after acquiring an additional 1,268 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Invitation Home during the 4th quarter valued at $265,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Stock Performance

Shares of Invitation Home stock opened at $30.27 on Thursday. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The stock's fifty day simple moving average is $32.58 and its 200 day simple moving average is $32.87. The company has a market capitalization of $18.55 billion, a PE ratio of 34.39, a PEG ratio of 3.12 and a beta of 0.78. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47.

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

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.8%. Invitation Home's dividend payout ratio (DPR) is currently 131.82%.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

INVH has been the subject of a number of research analyst reports. Scotiabank lifted their price target on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Barclays reaffirmed an "overweight" rating on shares of Invitation Home in a research note on Tuesday, July 15th. Raymond James Financial raised their price target 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. The Goldman Sachs Group boosted their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada reduced their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.64.

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.

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