Oppenheimer Asset Management Inc. Increases Stock Position in Invitation Home (NYSE:INVH)

Oppenheimer Asset Management Inc. grew its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 41.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,476 shares of the company's stock after buying an additional 18,430 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Invitation Home were worth $2,177,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Norges Bank bought a new position in Invitation Home during the 4th quarter worth approximately $1,646,794,000. JPMorgan Chase & Co. grew its holdings in shares of Invitation Home by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Invitation Home by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after purchasing an additional 3,870,432 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Invitation Home in the fourth quarter worth $67,743,000. Finally, Northern Trust Corp raised its holdings in Invitation Home by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after buying an additional 1,463,236 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Scotiabank boosted 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 upped their price target on Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Mizuho upgraded Invitation Home from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and boosted their target price for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $37.97.

Invitation Home Stock Performance

Shares of NYSE:INVH traded up $0.09 during midday trading on Monday, hitting $32.81. The company had a trading volume of 4,091,258 shares, compared to its average volume of 3,410,066. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The company has a fifty day moving average of $33.77 and a two-hundred day moving average of $32.84. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 3.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The business had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, June 26th. Invitation Home's dividend payout ratio is currently 150.65%.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the 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 sale, the chief executive officer directly owned 642,973 shares of the company's stock, valued at $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

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.