Amalgamated Bank Increases Stake in Invitation Home (NYSE:INVH)

Amalgamated Bank grew its holdings in Invitation Home (NYSE:INVH) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 113,837 shares of the company’s stock after buying an additional 1,852 shares during the quarter. Amalgamated Bank’s holdings in Invitation Home were worth $3,967,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Lindbrook Capital LLC boosted its holdings in Invitation Home by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. raised its position in Invitation Home by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after purchasing an additional 825 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Invitation Home by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after buying an additional 378 shares during the period. Jones Financial Companies Lllp grew its position in shares of Invitation Home by 78.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company’s stock worth $59,000 after buying an additional 806 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in shares of Invitation Home by 99,700.0% during the first quarter. NBC Securities Inc. now owns 1,996 shares of the company’s stock worth $69,000 after buying an additional 1,994 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the company’s 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 transaction, the chief executive officer 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH opened at $32.62 on Friday. The company’s 50 day simple moving average is $33.69 and its 200-day simple moving average is $32.83. The firm has a market cap of $19.99 billion, a PE ratio of 42.36, a price-to-earnings-growth ratio of 3.23 and a beta of 0.80. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

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 given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.56%. Invitation Home’s dividend payout ratio (DPR) is 150.65%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on INVH shares. Barclays lifted their price target 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. Scotiabank lifted their price objective 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. Mizuho raised Invitation Home from a “neutral” rating to an “outperform” rating and increased their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. The Goldman Sachs Group lifted their price target on Invitation Home from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Oppenheimer upped their price objective on Invitation Home from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Home currently has an average rating of “Moderate Buy” and a consensus price target of $37.97.

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.