New Age Alpha Advisors LLC Sells 48,915 Shares of Invitation Home (NYSE:INVH)

Key Points

• New Age Alpha Advisors LLC decreased its stake in Invitation Home by 19.8%, selling 48,915 shares and holding 197,723 shares valued at approximately $6.89 million as of its latest SEC filing.
• Invitation Home recently reported a quarterly EPS of $0.48, matching analyst forecasts, and reported a year-over-year revenue increase of 4.3%, totaling $681.4 million.
• The company announced a quarterly dividend of $0.29 per share with a yield of 3.8%, although it has a dividend payout ratio of 131.82%, indicating it pays out more than it earns in profits.

New Age Alpha Advisors LLC lessened its holdings in Invitation Home (NYSE:INVH - Free Report) by 19.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,723 shares of the company's stock after selling 48,915 shares during the quarter. New Age Alpha Advisors LLC's holdings in Invitation Home were worth $6,891,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of INVH. Larson Financial Group LLC lifted its holdings in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares during the period. North Capital Inc. acquired a new position in Invitation Home during the 1st quarter valued at about $41,000. Avalon Trust Co acquired a new position in Invitation Home during the 1st quarter valued at about $63,000. NBC Securities Inc. boosted its stake in 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. Finally, Wealthquest Corp acquired a new position in Invitation Home during the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Insider Transactions at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.41, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on INVH. Raymond James Financial boosted their target price on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Barclays reissued an "overweight" rating on shares of Invitation Home in a report on Tuesday, July 15th. Oppenheimer boosted their target price on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their price target for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Invitation Home presently has a consensus rating of "Moderate Buy" and an average target price of $37.64.

Invitation Home Stock Down 0.1%

Shares of NYSE INVH traded down $0.05 on Thursday, reaching $30.22. 2,622,781 shares of the company's stock traded hands, compared to its average volume of 3,708,049. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The business's 50 day simple moving average is $32.51 and its two-hundred day simple moving average is $32.86. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 3.10 and a beta of 0.78. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. As a group, equities research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

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

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.