Invitation Homes Inc. (NYSE:INVH) CEO Sells $4,969,704.09 in Stock

Invitation Homes Inc. (NYSE:INVH) CEO Dallas B. Tanner sold 148,749 shares of the firm’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer now owns 642,973 shares of the company’s stock, 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 legal filing with the SEC, which is available through this hyperlink.

Invitation Homes Stock Down 0.5%

Shares of NYSE INVH traded down $0.18 on Monday, hitting $33.36. The company had a trading volume of 2,430,648 shares, compared to its average volume of 3,387,947. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The firm has a market capitalization of $20.45 billion, a P/E ratio of 46.99, a PEG ratio of 4.70 and a beta of 0.82. The business has a 50 day moving average of $33.59 and a two-hundred day moving average of $32.85.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results 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. The firm had revenue of $674.48 million for the quarter, compared to the consensus estimate of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, equities research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.48%. Invitation Homes’s dividend payout ratio is presently 150.65%.

Analyst Upgrades and Downgrades

INVH has been the subject of several analyst reports. Barclays increased their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Oppenheimer increased their price objective on Invitation Homes from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, May 5th. Raymond James upped their price target on Invitation Homes from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Finally, Scotiabank raised their price objective on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.97.

Hedge Funds Weigh In On Invitation Homes

A number of institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC grew its position in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after buying an additional 329 shares in the last quarter. Larson Financial Group LLC boosted its stake in Invitation Homes by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after acquiring an additional 854 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after acquiring an additional 378 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Invitation Homes in the 1st quarter worth about $37,000. 96.79% of the stock is owned by institutional investors and hedge funds.

About Invitation Homes

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.