Invesco Ltd. Sells 1,408,046 Shares of Invitation Home (NYSE:INVH)

Invesco Ltd. lowered its stake in shares of Invitation Home (NYSE:INVH) by 11.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,497,651 shares of the company’s stock after selling 1,408,046 shares during the period. Invesco Ltd. owned approximately 1.71% of Invitation Home worth $365,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after buying an additional 854 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Invitation Home during the first quarter worth about $40,000. North Capital Inc. bought a new position in Invitation Home during the first quarter worth about $41,000. Avalon Trust Co bought a new position in Invitation Home during the first quarter worth about $63,000. Finally, NBC Securities Inc. lifted its holdings in shares of Invitation Home by 99,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,996 shares of the company’s stock valued at $69,000 after purchasing an additional 1,994 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Down 0.1%

NYSE:INVH opened at $29.92 on Tuesday. The firm has a market capitalization of $18.34 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 3.07 and a beta of 0.78. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The stock’s 50 day moving average price is $32.36 and its two-hundred day moving average price is $32.88. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47.

Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. Equities research analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.9%. Invitation Home’s payout ratio is presently 131.82%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup upgraded Invitation Home from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $38.50 in a report on Friday, June 6th. The Goldman Sachs Group lifted 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. Oppenheimer lifted 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. Raymond James Financial lifted their target price on Invitation Home from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada dropped their target price on Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.64.

Insider Buying and Selling at Invitation Home

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 stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the transaction, the chief executive officer directly owned 642,973 shares of the company’s stock, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.