Russell Investments Group Ltd. Increases Position in Invitation Home (NYSE:INVH)

Key Points

• Russell Investments Group Ltd. increased its stake in Invitation Home by 7.4%, acquiring an additional 230,830 shares, bringing its total ownership to approximately $116.9 million.
• CEO Dallas B. Tanner sold 148,749 shares at an average price of $33.41, resulting in an 18.79% decrease in his holdings.
• Invitation Home recently reported earnings of $0.48 per share, meeting analyst expectations, and announced a quarterly dividend of $0.29 per share, representing a yield of 3.9%.

Russell Investments Group Ltd. lifted its position in Invitation Home (NYSE:INVH - Free Report) by 7.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,354,396 shares of the company's stock after purchasing an additional 230,830 shares during the quarter. Russell Investments Group Ltd. owned about 0.55% of Invitation Home worth $116,901,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in INVH. Envestnet Asset Management Inc. increased its stake in Invitation Home by 4.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 574,803 shares of the company's stock worth $18,376,000 after acquiring an additional 23,515 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Invitation Home during the fourth quarter worth approximately $7,251,000. Canada Post Corp Registered Pension Plan bought a new stake in Invitation Home during the fourth quarter worth approximately $249,000. Marshall Wace LLP bought a new stake in Invitation Home during the fourth quarter worth approximately $7,007,000. Finally, Investure LLC increased its stake in Invitation Home by 23.8% during the fourth quarter. Investure LLC now owns 649,916 shares of the company's stock worth $20,778,000 after acquiring an additional 125,016 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Home Price Performance

Shares of NYSE:INVH traded up $0.31 during trading on Friday, reaching $30.56. 4,870,940 shares of the company's stock traded hands, compared to its average volume of 3,314,640. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm has a market cap of $18.73 billion, a PE ratio of 34.73, a P/E/G ratio of 3.13 and a beta of 0.78. The company has a 50-day simple moving average of $32.19 and a 200-day simple moving average of $32.84.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. During the same period last year, the company posted $0.47 EPS. The business's revenue was up 4.3% on a year-over-year basis. As a group, analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were paid 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 dividend payout ratio (DPR) is 131.82%.

Analysts Set New Price Targets

Several brokerages have issued reports on INVH. Barclays dropped their target price on Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Tuesday. The Goldman Sachs Group increased their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Raymond James Financial upped their target price on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Oppenheimer upped their target price on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada lowered their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $37.53.

Insider Transactions at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.41, for a total value 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. This represents a 18.79% decrease in their position. 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 company insiders.

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.