Invitation Home (NYSE:INVH) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its stake in shares of Invitation Home (NYSE:INVH) by 86.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 893 shares of the company’s stock after selling 5,796 shares during the quarter. Headlands Technologies LLC’s holdings in Invitation Home were worth $31,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank increased its stake in shares of Invitation Home by 6.6% during the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company’s stock valued at $9,794,000 after acquiring an additional 19,084 shares during the period. Capital World Investors acquired a new position in shares of Invitation Home during the fourth quarter valued at approximately $4,891,000. GF Fund Management CO. LTD. acquired a new position in shares of Invitation Home during the fourth quarter valued at approximately $338,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company’s stock valued at $520,000 after acquiring an additional 1,268 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Invitation Home during the fourth quarter valued at approximately $265,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Oppenheimer lifted their price target on shares of Invitation Home from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Royal Bank Of Canada decreased their price target on shares of 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. Scotiabank lifted their price target on shares of Invitation Home from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. The Goldman Sachs Group lifted their price target on shares of Invitation Home from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Finally, Raymond James Financial lifted their price target 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. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Invitation Home currently has an average rating of “Moderate Buy” and a consensus price target of $37.53.

Insider Activity

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home 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 completion of the sale, the chief executive officer owned 642,973 shares of the company’s stock, valued at $21,481,727.93. This trade represents a 18.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by company insiders.

Invitation Home Trading Up 1.8%

Invitation Home stock opened at $30.56 on Thursday. The company has a 50 day moving average price of $32.24 and a 200 day moving average price of $32.84. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market capitalization of $18.73 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 3.08 and a beta of 0.78.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $681.40 million during the quarter, compared to analyst estimates 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 for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Research analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. Invitation Home’s dividend payout ratio (DPR) is 131.82%.

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.