Invitation Home (NYSE:INVH) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Invitation Home (NYSE:INVH) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,913 shares of the company’s stock after buying an additional 1,268 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invitation Home were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in Invitation Home during the fourth quarter valued at about $1,646,794,000. JPMorgan Chase & Co. increased its stake in 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 acquiring an additional 4,661,213 shares during the period. Centersquare Investment Management LLC increased its stake in Invitation Home by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after acquiring an additional 3,870,432 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Invitation Home during the 4th quarter worth about $67,743,000. Finally, Northern Trust Corp grew its holdings 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 worth $218,060,000 after purchasing an additional 1,463,236 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INVH has been the subject of a number of analyst reports. Raymond James Financial boosted their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, May 9th. Barclays raised their target price on shares of Invitation Home from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Royal Bank Of Canada lifted their price objective on Invitation Home from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their target price on Invitation Home from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Mizuho upgraded Invitation Home from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.97.

Invitation Home Stock Performance

Shares of NYSE INVH opened at $32.62 on Friday. The firm has a market cap of $19.99 billion, a P/E ratio of 42.36, a PEG ratio of 3.24 and a beta of 0.80. 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 fifty day moving average price of $33.67 and a two-hundred day moving average price of $32.84. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.80.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. Research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. Invitation Home’s dividend payout ratio is presently 150.65%.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by corporate insiders.

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.