Oppenheimer Asset Management Inc. Raises Stock Holdings in Invitation Home (NYSE:INVH)

Oppenheimer Asset Management Inc. boosted its stake in Invitation Home (NYSE:INVH - Free Report) by 41.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,476 shares of the company's stock after buying an additional 18,430 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Invitation Home were worth $2,177,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Sanctuary Advisors LLC boosted its holdings in shares of Invitation Home by 105.0% during the 4th quarter. Sanctuary Advisors LLC now owns 29,142 shares of the company's stock valued at $903,000 after buying an additional 14,929 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in Invitation Home by 33.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 136,877 shares of the company's stock valued at $4,376,000 after acquiring an additional 34,281 shares during the period. Proficio Capital Partners LLC bought a new stake in Invitation Home during the fourth quarter worth about $867,000. Versor Investments LP boosted its stake in Invitation Home by 55.0% during the fourth quarter. Versor Investments LP now owns 28,187 shares of the company's stock worth $901,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in Invitation Home by 9.2% in the fourth quarter. Metis Global Partners LLC now owns 84,624 shares of the company's stock worth $2,705,000 after purchasing an additional 7,125 shares during the period. 96.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction 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 now owns 642,973 shares in the company, valued at $21,481,727.93. This trade represents a 18.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

INVH has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their target price 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. Scotiabank lifted their price objective on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Barclays boosted their target price on Invitation Home from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Royal Bank Of Canada raised their price target on Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Finally, Oppenheimer lifted their price target on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.97.

Invitation Home Stock Performance

INVH stock traded down $0.22 on Friday, hitting $32.70. The company had a trading volume of 4,361,963 shares, compared to its average volume of 3,410,413. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The stock has a market cap of $20.04 billion, a price-to-earnings ratio of 42.46, a P/E/G ratio of 3.28 and a beta of 0.82. The stock's 50-day simple moving average is $33.81 and its 200 day simple moving average is $32.85.

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

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be given a $0.29 dividend. The ex-dividend date is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.55%. Invitation Home's payout ratio is 150.65%.

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.