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Invitation Home (NYSE:INVH) Shares Acquired by PNC Financial Services Group Inc.

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Key Points

  • PNC Financial Services Group Inc. has increased its stake in Invitation Home by 373.2%, acquiring a total of 598,782 shares valued at approximately $20.87 million.
  • Invitation Home's recent earnings report met analysts' expectations, with an EPS of $0.48 and revenue of $681.4 million, reflecting a year-over-year growth of 4.3%.
  • The company announced a quarterly dividend of $0.29 per share, leading to an annualized yield of 3.8%, despite a high dividend payout ratio of 131.82%.
  • Five stocks to consider instead of Invitation Home.

PNC Financial Services Group Inc. raised its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 373.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 598,782 shares of the company's stock after purchasing an additional 472,254 shares during the quarter. PNC Financial Services Group Inc. owned 0.10% of Invitation Home worth $20,868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after acquiring an additional 854 shares during the last quarter. North Capital Inc. purchased a new stake in shares of Invitation Home during the first quarter worth about $41,000. NBC Securities Inc. grew its stake 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 worth $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 worth about $70,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Invitation Home during the first quarter worth about $86,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. 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. Royal Bank Of Canada cut their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Keefe, Bruyette & Woods cut their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research report on Wednesday. Barclays restated an "overweight" rating on shares of Invitation Home in a research report on Tuesday, July 15th. Finally, Raymond James Financial increased their price objective on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Invitation Home presently has a consensus rating of "Moderate Buy" and an average target price of $37.64.

View Our Latest Research Report on INVH

Insider Buying and Selling

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

Invitation Home Stock Down 0.6%

Shares of NYSE INVH traded down $0.20 during midday trading on Wednesday, hitting $30.27. 4,425,982 shares of the company's stock were exchanged, compared to its average volume of 3,616,899. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a market cap of $18.55 billion, a PE ratio of 16.03, a P/E/G ratio of 3.12 and a beta of 0.78. The firm's fifty day simple moving average is $32.64 and its 200-day simple moving average is $32.88.

Invitation Home (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%. The business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. During the same quarter last year, the company earned $0.47 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. Research analysts predict that Invitation Home will post 1.83 EPS 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 of this dividend was Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.8%. Invitation Home's payout ratio is 131.82%.

Invitation Home Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Invitation Home (NYSE:INVH)

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