Pacer Advisors Inc. Decreases Stock Position in Invitation Home (NYSE:INVH)

Pacer Advisors Inc. lowered its position in Invitation Home (NYSE:INVH - Free Report) by 38.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,064 shares of the company's stock after selling 18,525 shares during the period. Pacer Advisors Inc.'s holdings in Invitation Home were worth $1,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in shares of Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after purchasing an additional 854 shares during the last quarter. North Capital Inc. purchased a new stake in shares of Invitation Home during the first quarter valued at approximately $41,000. NBC Securities Inc. increased its position in shares of Invitation Home by 99,700.0% during the first quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock valued at $69,000 after acquiring an additional 1,994 shares during the last quarter. Wealthquest Corp purchased a new stake in shares of Invitation Home during the first quarter valued at approximately $70,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Invitation Home during the first quarter valued at approximately $86,000. Institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INVH. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and increased their price target for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Scotiabank increased their price target on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Oppenheimer increased their price target on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods increased their price objective on Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Finally, Barclays reissued an "overweight" rating on shares of Invitation Home in a report on Tuesday, July 15th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Invitation Home has a consensus rating of "Moderate Buy" and a consensus target price of $37.86.

Invitation Home Price Performance

NYSE:INVH traded down $0.33 during trading hours on Friday, hitting $30.32. 5,312,992 shares of the company's stock traded hands, compared to its average volume of 3,188,052. The firm has a market cap of $18.58 billion, a P/E ratio of 34.45, a P/E/G ratio of 2.29 and a beta of 0.78. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The business's fifty day simple moving average is $32.75 and its two-hundred day simple moving average is $32.88. The company has a quick ratio of 0.02, a current ratio of 0.01 and a debt-to-equity ratio of 0.41.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $681.40 million during 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 firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. On average, research analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently declared 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 dividend payout ratio (DPR) is presently 131.82%.

Insiders Place Their Bets

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