Vestcor Inc decreased its holdings in shares of Invitation Home (NYSE:INVH - Free Report) by 74.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,139 shares of the company's stock after selling 127,892 shares during the period. Vestcor Inc's holdings in Invitation Home were worth $1,538,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtus ETF Advisers LLC raised its stake in shares of Invitation Home by 7.0% in the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after purchasing an additional 319 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of Invitation Home by 2.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock worth $400,000 after acquiring an additional 319 shares during the period. Commonwealth Equity Services LLC boosted 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 buying an additional 412 shares during the period. GF Fund Management CO. LTD. boosted its stake in Invitation Home by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 11,023 shares of the company's stock valued at $384,000 after buying an additional 448 shares during the period. Finally, DoubleLine ETF Adviser LP lifted its stake in Invitation Home by 1.2% during the fourth quarter. DoubleLine ETF Adviser LP now owns 41,021 shares of the company's stock worth $1,311,000 after purchasing an additional 473 shares during the last quarter. Institutional investors own 96.79% of the company's stock.
Insider Activity at Invitation Home
In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the sale, the chief executive officer directly 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 document filed with the SEC, which is available at this link. Corporate insiders own 0.29% of the company's stock.
Invitation Home Stock Performance
Shares of NYSE:INVH traded down $0.33 on Friday, hitting $30.32. 5,312,992 shares of the company were exchanged, compared to its average volume of 3,188,052. The firm has a market capitalization of $18.58 billion, a P/E ratio of 34.45, a price-to-earnings-growth ratio of 2.27 and a beta of 0.78. The stock's 50 day moving average price is $32.75 and its 200 day moving average price is $32.90. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80. The company has a current ratio of 0.01, a quick ratio of 0.02 and a debt-to-equity ratio of 0.41.
Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The business had revenue of $681.40 million during 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 was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Sell-side analysts predict that Invitation Home will post 1.83 EPS for the current year.
Invitation Home Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. Invitation Home's dividend payout ratio is currently 131.82%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on INVH shares. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and upped their target price for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Raymond James Financial boosted 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. Oppenheimer raised 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. The Goldman Sachs Group raised their price objective on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Invitation Home has a consensus rating of "Moderate Buy" and a consensus price target of $37.86.
View Our Latest Report on INVH
Invitation Home Profile
(
Free Report)
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.
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