Principal Financial Group Inc. Sells 373,807 Shares of Invitation Home (NYSE:INVH)

Principal Financial Group Inc. cut its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,086,441 shares of the company's stock after selling 373,807 shares during the quarter. Principal Financial Group Inc. owned approximately 3.11% of Invitation Home worth $665,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in shares of Invitation Home by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after purchasing an additional 2,344 shares during the period. Toronto Dominion Bank raised its holdings in shares of Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after purchasing an additional 19,084 shares during the period. Capital World Investors bought a new stake in shares of Invitation Home in the 4th quarter valued at about $4,891,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Invitation Home by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after purchasing an additional 31,184 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Invitation Home in the 4th quarter valued at about $595,000. 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 the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

Invitation Home Stock Performance

Shares of NYSE:INVH traded up $0.11 on Friday, reaching $32.62. 1,808,219 shares of the company's stock were exchanged, compared to its average volume of 3,415,021. The company has a fifty day moving average of $33.67 and a 200-day moving average of $32.85. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 3.24 and a beta of 0.80. 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 (NYSE:INVH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business's revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The firm 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 dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. Invitation Home's payout ratio is presently 150.65%.

Wall Street Analyst Weigh In

INVH has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their target price for the company from $35.00 to $38.50 in a report on Friday, June 6th. Barclays upped their target price on shares of Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Raymond James Financial upped their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Oppenheimer upped their price target on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research note 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.97.

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.