Vanderbilt University Reduces Holdings in Invitation Home (NYSE:INVH)

Vanderbilt University decreased its position in shares of Invitation Home (NYSE:INVH) by 55.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,181 shares of the company’s stock after selling 86,224 shares during the quarter. Vanderbilt University’s holdings in Invitation Home were worth $2,376,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC grew its holdings in shares of Invitation Home 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 during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Invitation Home by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Invitation Home by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after buying an additional 378 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Invitation Home by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after buying an additional 702 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings 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 during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Price Performance

INVH stock opened at $33.74 on Friday. The firm has a 50 day moving average of $33.74 and a 200-day moving average of $32.85. 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. The company has a market cap of $20.68 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 3.27 and a beta of 0.82.

Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The company had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. During the same period last year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts expect 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 will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.44%. Invitation Home’s dividend payout ratio is currently 150.65%.

Insider Buying and Selling

In related news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 642,973 shares in the company, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on INVH. Raymond James Financial raised their price target on Invitation Home from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. The Goldman Sachs Group raised 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. Scotiabank raised 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. Oppenheimer raised their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, Barclays raised their price objective on shares of Invitation Home from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invitation Home presently has an average rating of “Moderate Buy” and a consensus price target of $37.97.

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.