Whittier Trust Co. of Nevada Inc. Boosts Stake in Invitation Home (NYSE:INVH)

Whittier Trust Co. of Nevada Inc. increased its stake in Invitation Home (NYSE:INVH - Free Report) by 59.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,483 shares of the company's stock after acquiring an additional 77,452 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Invitation Home were worth $7,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cohen & Steers Inc. grew its position in Invitation Home by 1.7% in the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after acquiring an additional 1,019,377 shares in the last quarter. Norges Bank purchased a new position in Invitation Home in the fourth quarter worth about $1,646,794,000. Geode Capital Management LLC grew its position in Invitation Home by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock worth $480,276,000 after acquiring an additional 365,954 shares in the last quarter. Centersquare Investment Management LLC grew its position in Invitation Home by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after acquiring an additional 3,870,432 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Invitation Home by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after acquiring an additional 4,661,213 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Home Trading Down 0.1%

Shares of NYSE INVH traded down $0.03 during trading hours on Friday, reaching $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 current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46. The firm 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. The business's fifty day moving average price is $33.24 and its two-hundred day moving average price is $32.84. Invitation Home has a 52-week low of $29.37 and a 52-week high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The firm had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. Invitation Home's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share. Analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James Financial lifted their price target on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Oppenheimer boosted their target price on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their target price on Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday, May 5th. The Goldman Sachs Group boosted their target price 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, Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and boosted their target price for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $37.97.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of the business's 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 completion of the transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.29% of the company's stock.

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.