SG Americas Securities LLC Boosts Stake in Invitation Home (NYSE:INVH)

SG Americas Securities LLC lifted its holdings in Invitation Home (NYSE:INVH) by 68.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,369 shares of the company’s stock after buying an additional 9,125 shares during the period. SG Americas Securities LLC’s holdings in Invitation Home were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of INVH. Empowered Funds LLC increased its position in shares of Invitation Home by 11.7% during the fourth quarter. Empowered Funds LLC now owns 12,034 shares of the company’s stock valued at $385,000 after acquiring an additional 1,258 shares during the last quarter. Allworth Financial LP increased its position in shares of Invitation Home by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after acquiring an additional 702 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Invitation Home by 105.0% during the fourth quarter. Sanctuary Advisors LLC now owns 29,142 shares of the company’s stock valued at $903,000 after acquiring an additional 14,929 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Invitation Home by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 88,154 shares of the company’s stock valued at $2,818,000 after acquiring an additional 3,878 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Invitation Home by 11.3% during the fourth quarter. Handelsbanken Fonder AB now owns 421,425 shares of the company’s stock valued at $13,473,000 after acquiring an additional 42,625 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INVH shares. The Goldman Sachs Group lifted their price target on shares of Invitation Home from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Barclays lifted their price objective on shares of Invitation Home from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Mizuho upgraded shares of Invitation Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Home from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, May 5th. Finally, Citigroup upgraded shares of 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. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.97.

Insider Transactions at Invitation Home

In other news, 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 transaction of $4,969,704.09. Following the transaction, the chief executive officer now directly owns 642,973 shares of the company’s stock, valued at $21,481,727.93. This represents a 18.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH opened at $33.74 on Friday. 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 P/E/G ratio of 3.27 and a beta of 0.82. The company’s fifty day moving average is $33.74 and its two-hundred day moving average is $32.85. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.80.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million for 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 revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. On average, sell-side analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.44%. Invitation Home’s dividend payout ratio (DPR) is presently 150.65%.

Invitation Home Company 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.