PNC Financial Services Group Inc. Sells 350,262 Shares of Invitation Home $INVH

PNC Financial Services Group Inc. cut its holdings in shares of Invitation Home (NYSE:INVH) by 72.1% during the first quarter, Holdings Channel.com reports. The firm owned 135,338 shares of the company’s stock after selling 350,262 shares during the period. PNC Financial Services Group Inc.’s holdings in Invitation Home were worth $3,363,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC raised its stake in Invitation Home by 2,463.5% in the fourth quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after buying an additional 1,281 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Invitation Home by 136,000.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after acquiring an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc bought a new stake in Invitation Home during the 4th quarter valued at $42,000. AdvisorNet Financial Inc increased its holdings in shares of Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock valued at $46,000 after acquiring an additional 1,845 shares during the period. Finally, Aventus Investment Advisors Inc. purchased a new position in shares of Invitation Home in the 1st quarter valued at $50,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on INVH. BMO Capital Markets boosted their price target on Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. Keefe, Bruyette & Woods lifted their target price on Invitation Home from $28.00 to $29.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Invitation Home from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Evercore reissued an “outperform” rating and set a $32.00 price target on shares of Invitation Home in a research report on Friday, May 1st. Finally, Mizuho raised their price target on shares of Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Invitation Home has a consensus rating of “Hold” and an average target price of $32.47.

Invitation Home Stock Performance

Shares of INVH opened at $30.08 on Wednesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.50. The firm has a market cap of $17.87 billion, a PE ratio of 31.66, a P/E/G ratio of 3.47 and a beta of 0.84. Invitation Home has a 12 month low of $24.25 and a 12 month high of $32.04. The stock has a fifty day moving average price of $29.59 and a 200-day moving average price of $27.61.

Invitation Home (NYSE:INVH) last announced its earnings results on Wednesday, April 29th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The firm had revenue of $579.00 million for the quarter, compared to the consensus estimate of $689.91 million. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts predict that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were paid a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is 126.32%.

Invitation Home Profile

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.