Insider Selling: Invitation Homes Inc. (NYSE:INVH) CEO Sells 148,749 Shares of Stock

Invitation Homes Inc. (NYSE:INVH) CEO Dallas B. Tanner sold 148,749 shares of Invitation Homes stock in a transaction dated 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 now directly owns 642,973 shares of the company’s stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $33.36 on Tuesday. The firm has a 50 day moving average of $33.65 and a 200-day moving average of $32.84. The stock has a market capitalization of $20.45 billion, a PE ratio of 46.99, a PEG ratio of 4.70 and a beta of 0.82. The company has a current ratio of 0.24, a quick 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.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million during the quarter, compared to analysts’ expectations of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. On average, equities research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Monday, May 5th. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Scotiabank lifted their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. The Goldman Sachs Group lifted their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Citigroup raised shares of Invitation Homes from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of “Moderate Buy” and an average price target of $37.97.

Hedge Funds Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares in the last quarter. Larson Financial Group LLC increased its position in Invitation Homes 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 purchasing an additional 854 shares in the last quarter. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 378 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in Invitation Homes during the 1st quarter worth approximately $37,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes 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.