Whittier Trust Co. Has $16.11 Million Holdings in Invitation Home (NYSE:INVH)

Whittier Trust Co. boosted its stake in Invitation Home (NYSE:INVH - Free Report) by 47.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 462,358 shares of the company's stock after acquiring an additional 149,454 shares during the quarter. Whittier Trust Co. owned 0.08% of Invitation Home worth $16,108,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after buying an additional 19,084 shares during the last quarter. Capital World Investors acquired a new stake in Invitation Home in the 4th quarter valued at $4,891,000. GF Fund Management CO. LTD. acquired a new stake in Invitation Home in the 4th quarter valued at $338,000. Advisors Asset Management Inc. increased its stake in Invitation Home by 10.1% in the 4th quarter. Advisors Asset Management Inc. now owns 112,944 shares of the company's stock valued at $3,611,000 after buying an additional 10,343 shares during the last quarter. Finally, Allstate Corp increased its stake in Invitation Home by 25.5% in the 4th quarter. Allstate Corp now owns 135,750 shares of the company's stock valued at $4,340,000 after buying an additional 27,542 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction of $4,969,704.09. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

INVH has been the topic of several recent research reports. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and lifted their price target for the company from $35.00 to $38.50 in a research note on Friday, June 6th. The Goldman Sachs Group lifted their price target 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 lifted their price target 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. Barclays restated an "overweight" rating on shares of Invitation Home in a research note on Tuesday. Finally, Oppenheimer boosted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Invitation Home has an average rating of "Moderate Buy" and a consensus price target of $37.97.

Invitation Home Stock Performance

INVH traded up $0.34 on Wednesday, reaching $32.20. The company had a trading volume of 3,364,792 shares, compared to its average volume of 3,392,163. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The stock has a market cap of $19.74 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.38 and a beta of 0.80. The company's fifty day moving average is $33.28 and its 200 day moving average is $32.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly 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. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The business had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same quarter in the prior year, the business earned $0.47 EPS. Invitation Home's quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be paid a $0.29 dividend. The ex-dividend date is Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.60%. Invitation Home's dividend payout ratio (DPR) is currently 150.65%.

Invitation Home Company 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.