Whittier Trust Co. of Nevada Inc. Raises Stock Holdings in Invitation Home (NYSE:INVH)

Whittier Trust Co. of Nevada Inc. increased its position in Invitation Home (NYSE:INVH - Free Report) by 59.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,483 shares of the company's stock after purchasing an additional 77,452 shares during the quarter. 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 hedge funds and other institutional investors also recently bought and sold shares of INVH. North Capital Inc. bought a new position in Invitation Home in the first quarter worth approximately $41,000. Jones Financial Companies Lllp grew its stake in Invitation Home by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock worth $59,000 after purchasing an additional 806 shares in the last quarter. NBC Securities Inc. grew its stake in Invitation Home by 99,700.0% in the first quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock worth $69,000 after purchasing an additional 1,994 shares in the last quarter. Wealthquest Corp bought a new position in Invitation Home in the first quarter worth approximately $70,000. Finally, Opal Wealth Advisors LLC bought a new position in Invitation Home in the first quarter worth approximately $86,000. Institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

INVH has been the topic of several research analyst reports. Scotiabank increased their price objective on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. 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. Keefe, Bruyette & Woods upped their target price on Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Royal Bank Of Canada upped their target price on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Finally, Raymond James Financial upped their target price on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Invitation Home currently has an average rating of "Moderate Buy" and a consensus price target of $37.97.

Invitation Home Stock Up 1.1%

Shares of INVH traded up $0.34 during midday trading on Wednesday, hitting $32.20. 3,364,792 shares of the company's stock traded hands, compared to its average volume of 3,392,166. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.80. The firm's fifty day moving average is $33.28 and its 200-day moving average is $32.83. 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 stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.80.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The firm had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The company also recently announced 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 of this dividend 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 150.65%.

Insider Transactions at Invitation Home

In related news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer owned 642,973 shares in the company, valued at $21,481,727.93. This trade represents a 18.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by company insiders.

Invitation Home 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.