Cetera Investment Advisers Sells 846 Shares of Invitation Home (NYSE:INVH)

Cetera Investment Advisers lowered its stake in shares of Invitation Home (NYSE:INVH) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,884 shares of the company’s stock after selling 846 shares during the period. Cetera Investment Advisers’ holdings in Invitation Home were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Larson Financial Group LLC boosted its stake in shares of Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after acquiring an additional 854 shares during the period. North Capital Inc. acquired a new stake in shares of Invitation Home in the first quarter valued at about $41,000. NBC Securities Inc. boosted its position 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. Wealthquest Corp bought a new position in Invitation Home in the first quarter worth approximately $70,000. Finally, Opal Wealth Advisors LLC bought a new position in Invitation Home in the first quarter worth approximately $86,000. Institutional investors own 96.79% of the company’s stock.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the company’s 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 transaction, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INVH. Barclays decreased their target price on Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday. Scotiabank boosted their target price on Invitation Home from $36.00 to $38.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Oppenheimer boosted their price target on Invitation Home from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Royal Bank Of Canada dropped their price target 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. Finally, The Goldman Sachs Group upped their price objective on Invitation Home from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.53.

Invitation Home Price Performance

NYSE INVH opened at $30.56 on Friday. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The firm’s fifty day simple moving average is $32.14 and its two-hundred day simple moving average is $32.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $18.73 billion, a P/E ratio of 34.73, a P/E/G ratio of 3.10 and a beta of 0.78.

Invitation Home (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, June 26th. Invitation Home’s dividend payout ratio is currently 131.82%.

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.