13,047 Shares in Invitation Home (NYSE:INVH) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new stake in Invitation Home (NYSE: INVH) by purchasing 13,047 shares, valued at approximately $455,000, in the first quarter.
• CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock, reducing his ownership by 18.79% post-sale, with the transaction valued at nearly $5 million.
• Invitation Home recently announced a quarterly dividend of $0.29, representing a 3.8% yield, although its payout ratio is currently 131.82%.

XTX Topco Ltd acquired a new stake in shares of Invitation Home (NYSE:INVH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,047 shares of the company's stock, valued at approximately $455,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INVH. Cohen & Steers Inc. boosted its stake in shares of Invitation Home by 1.7% during the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Invitation Home by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,827,708 shares of the company's stock valued at $282,221,000 after purchasing an additional 33,235 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Invitation Home by 27.3% during the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after purchasing an additional 1,463,236 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invitation Home by 36.5% during the fourth quarter. Ameriprise Financial Inc. now owns 3,969,533 shares of the company's stock valued at $123,634,000 after purchasing an additional 1,060,805 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Invitation Home by 25.1% during the fourth quarter. Hsbc Holdings PLC now owns 3,617,193 shares of the company's stock valued at $115,410,000 after purchasing an additional 726,762 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Home Stock Performance

Shares of NYSE:INVH traded down $0.12 on Tuesday, hitting $29.78. 607,851 shares of the company were exchanged, compared to its average volume of 3,280,336. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80. The stock's 50 day moving average price is $32.36 and its 200 day moving average price is $32.88. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $18.25 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 3.07 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is 131.82%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on INVH shares. Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and increased their price objective for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Barclays dropped their price objective on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Tuesday. Oppenheimer increased their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group increased their price objective 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. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research note on Wednesday, August 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, Invitation Home currently has an average rating of "Moderate Buy" and a consensus price target of $37.53.

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.