Vanderbilt University Lowers Stake in Invitation Home (NYSE:INVH)

Vanderbilt University lessened its holdings in Invitation Home (NYSE:INVH - Free Report) by 55.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 68,181 shares of the company's stock after selling 86,224 shares during the period. Vanderbilt University's holdings in Invitation Home were worth $2,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC grew its holdings in Invitation Home by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after buying an additional 329 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Invitation Home by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after buying an additional 825 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Invitation Home by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after buying an additional 378 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Invitation Home by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after purchasing an additional 702 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Invitation Home by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock worth $59,000 after purchasing an additional 806 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Home Trading Down 0.1%

Shares of INVH traded down $0.04 during mid-day trading on Friday, reaching $33.71. 5,272,410 shares of the company's stock traded hands, compared to its average volume of 3,394,032. The stock has a market cap of $20.66 billion, a P/E ratio of 43.78, a P/E/G ratio of 3.27 and a beta of 0.82. The stock's 50-day moving average is $33.78 and its two-hundred day moving average is $32.85. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02.

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

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be issued a $0.29 dividend. 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 3.44%. Invitation Home's payout ratio is 150.65%.

Wall Street Analyst Weigh In

INVH has been the topic of several research reports. Mizuho raised Invitation Home from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Scotiabank lifted their target price on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Barclays lifted 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. Raymond James Financial lifted 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. Finally, Oppenheimer lifted 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. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Invitation Home presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.97.

Insider Activity at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 642,973 shares in the company, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is 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.