Nuveen LLC Invests $148.87 Million in Invitation Home (NYSE:INVH)

Key Points

• Nuveen LLC has acquired a new stake in Invitation Home, purchasing 4,271,723 shares valued at approximately $148.87 million, amounting to 0.70% of the company.
• Invitation Home reported a quarterly earnings of $0.48 per share, matching analyst estimates, and experienced a 4.3% year-over-year revenue growth to $681.4 million.
• In its recent dividend declaration, Invitation Home announced a quarterly dividend of $0.29, representing an annualized payout of $1.16 with a yield of 3.9% despite a high dividend payout ratio of 131.82%.

Nuveen LLC acquired a new stake in shares of Invitation Home (NYSE:INVH - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,271,723 shares of the company's stock, valued at approximately $148,870,000. Nuveen LLC owned approximately 0.70% of Invitation Home as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Virtus ETF Advisers LLC increased its stake in Invitation Home by 7.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after buying an additional 319 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in shares of Invitation Home by 2.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock worth $400,000 after buying an additional 319 shares in the last quarter. Commerce Bank grew its stake in Invitation Home by 4.2% during the 1st quarter. Commerce Bank now owns 10,197 shares of the company's stock valued at $355,000 after acquiring an additional 414 shares in the last quarter. GF Fund Management CO. LTD. lifted its stake in Invitation Home by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 11,023 shares of the company's stock worth $384,000 after purchasing an additional 448 shares in the last quarter. Finally, DoubleLine ETF Adviser LP boosted its holdings in shares of Invitation Home by 1.2% during the 4th quarter. DoubleLine ETF Adviser LP now owns 41,021 shares of the company's stock worth $1,311,000 after purchasing an additional 473 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Royal Bank Of Canada lowered their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Oppenheimer increased their price objective on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Raymond James Financial increased their price target on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Barclays lowered their target price on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Invitation Home has a consensus rating of "Moderate Buy" and an average target price of $37.53.

Invitation Home Price Performance

Shares of Invitation Home stock traded up $0.30 during trading on Friday, reaching $30.55. The company's stock had a trading volume of 2,414,140 shares, compared to its average volume of 3,295,540. The company has a market capitalization of $18.72 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 3.13 and a beta of 0.78. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The business has a 50 day moving average price of $32.19 and a 200-day moving average price of $32.84. 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 EPS for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. As a group, sell-side analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. Invitation Home's payout ratio is presently 131.82%.

Insider Transactions at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 642,973 shares in the company, valued at $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company's stock.

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.