Brown Advisory Inc. Takes Position in Invitation Home (NYSE:INVH)

Brown Advisory Inc. acquired a new stake in shares of Invitation Home (NYSE:INVH) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,473 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Invitation Home by 7.7% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 21,473 shares of the company’s stock valued at $748,000 after acquiring an additional 1,536 shares during the last quarter. IFM Investors Pty Ltd increased its position in Invitation Home by 3.0% during the 1st quarter. IFM Investors Pty Ltd now owns 275,917 shares of the company’s stock worth $9,729,000 after purchasing an additional 8,009 shares in the last quarter. GF Fund Management CO. LTD. increased its position in Invitation Home by 4.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 11,023 shares of the company’s stock worth $384,000 after purchasing an additional 448 shares in the last quarter. Checchi Capital Advisers LLC increased its position in Invitation Home by 25.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 12,451 shares of the company’s stock worth $434,000 after purchasing an additional 2,504 shares in the last quarter. Finally, North Capital Inc. acquired a new stake in Invitation Home during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH opened at $32.20 on Thursday. The business’s fifty day moving average price is $33.28 and its 200 day moving average price is $32.83. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The stock has a market capitalization of $19.74 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02.

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, topping the consensus estimate of $0.47 by $0.01. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The firm had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. During the same period last year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors 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 3.60%. The ex-dividend date is Thursday, June 26th. Invitation Home’s dividend payout ratio (DPR) is presently 150.65%.

Analyst Ratings Changes

A number of research firms recently issued reports on INVH. Raymond James Financial increased their target price on shares of Invitation Home from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Royal Bank Of Canada increased their target price on shares of Invitation Home from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Home from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, May 5th. The Goldman Sachs Group increased their price objective 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. Finally, Scotiabank increased their price objective on shares of Invitation Home from $36.00 to $38.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.97.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the sale, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

Invitation Home 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.