Vanderbilt University Sells 86,224 Shares of Invitation Home (NYSE:INVH)

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

A number of other hedge funds also recently bought and sold shares of the business. Virtus ETF Advisers LLC raised its stake in Invitation Home by 7.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock valued at $157,000 after purchasing an additional 319 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in Invitation Home by 2.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock valued at $400,000 after purchasing an additional 319 shares in the last quarter. Lindbrook Capital LLC raised its stake in Invitation Home by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after purchasing an additional 329 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Invitation Home by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Invitation Home by 5.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock valued at $235,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Home Trading Up 0.9%

INVH stock traded up $0.32 during trading on Monday, hitting $34.05. The company had a trading volume of 2,971,126 shares, compared to its average volume of 3,384,879. The firm has a market capitalization of $20.87 billion, a P/E ratio of 44.21, a PEG ratio of 3.26 and a beta of 0.82. Invitation Home has a 52-week low of $29.37 and a 52-week high of $37.80. The company has a 50 day simple moving average of $33.80 and a 200-day simple moving average of $32.84. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.46.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million for the quarter, compared to the consensus estimate of $663.77 million. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. As a group, research analysts forecast that Invitation Home will post 1.83 earnings per share 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, June 26th. Invitation Home's payout ratio is 150.65%.

Insiders Place Their Bets

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 642,973 shares in the company, valued at $21,481,727.93. This represents a 18.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INVH. Oppenheimer increased their target price 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. Scotiabank increased their target price on shares of Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods increased their target price on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Raymond James Financial increased their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Finally, Mizuho raised shares of Invitation Home from a "neutral" rating to an "outperform" rating and increased their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.97.

About Invitation Home

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.