Dallas B. Tanner Sells 148,749 Shares of Invitation Home (NYSE:INVH) Stock

Invitation Home (NYSE:INVH - Get Free Report) CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Invitation Home Price Performance

Shares of Invitation Home stock traded up $0.21 on Thursday, hitting $33.74. 3,471,186 shares of the company traded hands, compared to its average volume of 3,394,022. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The business has a 50-day simple moving average of $33.70 and a 200 day simple moving average of $32.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market capitalization of $20.68 billion, a P/E ratio of 43.81, a price-to-earnings-growth ratio of 3.25 and a beta of 0.82.

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

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 26th. Invitation Home's payout ratio is 150.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Invitation Home during the 4th quarter valued at about $1,646,794,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Invitation Home by 1,019.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company's stock valued at $214,415,000 after buying an additional 5,603,077 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Invitation Home by 74.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares during the period. Nuveen LLC bought a new position in shares of Invitation Home during the first quarter valued at approximately $148,870,000. Finally, Centersquare Investment Management LLC raised its holdings in shares of 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 buying an additional 3,870,432 shares during the period. Institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

INVH has been the subject of several recent research reports. Mizuho upgraded shares of Invitation Home from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Barclays boosted their price objective on shares of Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Scotiabank raised their target price on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. The Goldman Sachs Group boosted their price target on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Oppenheimer raised their price objective on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.97.

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.