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

Whittier Trust Co. lifted its stake in shares of Invitation Home (NYSE:INVH - Free Report) by 47.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 462,358 shares of the company's stock after purchasing an additional 149,454 shares during the period. Whittier Trust Co. owned 0.08% of Invitation Home worth $16,108,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in INVH. North Capital Inc. acquired a new position in Invitation Home in the 1st quarter valued at $41,000. Jones Financial Companies Lllp grew its holdings in Invitation Home by 78.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock valued at $59,000 after buying an additional 806 shares in the last quarter. NBC Securities Inc. grew its holdings in Invitation Home by 99,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock valued at $69,000 after buying an additional 1,994 shares in the last quarter. Wealthquest Corp acquired a new position in Invitation Home in the 1st quarter valued at $70,000. Finally, Opal Wealth Advisors LLC acquired a new position in Invitation Home in the 1st quarter valued at $86,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on INVH. Oppenheimer upped their price objective on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Royal Bank Of Canada upped their price objective on Invitation Home from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Barclays reiterated an "overweight" rating on shares of Invitation Home in a research report on Tuesday. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and upped their target price for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Finally, Scotiabank upped their target price on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $37.97.

Invitation Home Trading Down 0.1%

Invitation Home stock traded down $0.03 during trading hours on Friday, hitting $32.24. The stock had a trading volume of 1,351,285 shares, compared to its average volume of 3,384,431. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.46. The stock has a market cap of $19.76 billion, a price-to-earnings ratio of 41.87, a P/E/G ratio of 2.41 and a beta of 0.80. Invitation Home has a one year low of $29.37 and a one year high of $37.80. The business's 50 day simple moving average is $33.24 and its 200-day simple moving average is $32.84.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, equities analysts predict that Invitation Home will post 1.83 EPS 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. Stockholders 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 annualized dividend and a dividend yield of 3.60%. Invitation Home's payout ratio is 150.65%.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction dated 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 owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

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.