Invitation Home (NYSE:INVH) Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its position in Invitation Home (NYSE:INVH) by 0.9%, owning a total of 94,306,901 shares worth approximately $3.29 billion after acquiring an additional 829,212 shares in the first quarter.
• Invitation Home reported earnings of $0.48 per share, meeting analyst expectations, with revenues of $681.40 million during the quarter, which is a 4.3% increase year-over-year.
• The company announced a quarterly dividend of $0.29 per share, resulting in an annualized yield of 3.9%, with the dividend payout ratio at 131.82%.

Vanguard Group Inc. boosted its holdings in Invitation Home (NYSE:INVH - Free Report) by 0.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 94,306,901 shares of the company's stock after buying an additional 829,212 shares during the period. Vanguard Group Inc. owned 15.39% of Invitation Home worth $3,286,595,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of INVH. Cohen & Steers Inc. lifted its stake in Invitation Home by 1.7% in the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after purchasing an additional 1,019,377 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Invitation Home by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,827,708 shares of the company's stock worth $282,221,000 after acquiring an additional 33,235 shares in the last quarter. Northern Trust Corp grew its position in Invitation Home by 27.3% in the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock worth $218,060,000 after acquiring an additional 1,463,236 shares in the last quarter. Ameriprise Financial Inc. grew its position in Invitation Home by 36.5% in the fourth quarter. Ameriprise Financial Inc. now owns 3,969,533 shares of the company's stock worth $123,634,000 after acquiring an additional 1,060,805 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Invitation Home by 25.1% in the fourth quarter. Hsbc Holdings PLC now owns 3,617,193 shares of the company's stock worth $115,410,000 after acquiring an additional 726,762 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Home Trading Up 1.0%

INVH stock traded up $0.30 during mid-day trading on Wednesday, reaching $30.33. The company had a trading volume of 1,367,442 shares, compared to its average volume of 3,284,045. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market capitalization of $18.59 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 3.06 and a beta of 0.78. The firm has a 50 day moving average of $32.30 and a 200 day moving average of $32.86. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80.

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

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. Invitation Home's dividend payout ratio is currently 131.82%.

Wall Street Analyst Weigh In

INVH has been the subject of several recent research reports. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. The Goldman Sachs Group lifted their price target on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Scotiabank lifted their price target on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Barclays dropped their price target on Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.53.

Insiders Place Their Bets

In other Invitation Home 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 transaction of $4,969,704.09. Following the completion of the sale, the chief executive officer owned 642,973 shares in the company, valued at $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.