Invitation Homes Inc (INVH) COO Sells $743,037.75 in Stock

Invitation Homes Inc (NYSE:INVH) COO Charles D. Young sold 29,925 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $24.83, for a total value of $743,037.75. Following the completion of the sale, the chief operating officer now owns 176,184 shares of the company’s stock, valued at $4,374,648.72. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of INVH stock opened at $24.76 on Wednesday. Invitation Homes Inc has a 52-week low of $19.21 and a 52-week high of $25.33. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 107.65, a price-to-earnings-growth ratio of 3.40 and a beta of 0.54.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.26). Invitation Homes had a return on equity of 1.10% and a net margin of 1.89%. The business had revenue of $435.50 million during the quarter, compared to analysts’ expectations of $434.60 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that Invitation Homes Inc will post 1.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.10%. Invitation Homes’s payout ratio is presently 226.09%.

A number of hedge funds have recently modified their holdings of the business. IBM Retirement Fund bought a new position in shares of Invitation Homes in the 1st quarter valued at about $219,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Invitation Homes by 21.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,666 shares of the company’s stock valued at $102,154,000 after acquiring an additional 748,775 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Invitation Homes by 437.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,071,883 shares of the company’s stock valued at $50,409,000 after acquiring an additional 1,686,383 shares during the last quarter. Westpac Banking Corp lifted its holdings in shares of Invitation Homes by 6.5% in the 1st quarter. Westpac Banking Corp now owns 1,127,207 shares of the company’s stock valued at $27,425,000 after acquiring an additional 69,186 shares during the last quarter. Finally, Andra AP fonden bought a new position in shares of Invitation Homes in the 1st quarter valued at about $4,805,000.

Several research firms have recently commented on INVH. BTIG Research set a $27.00 price objective on Invitation Homes and gave the stock a “buy” rating in a research note on Tuesday. TheStreet upgraded Invitation Homes from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Finally, Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.50.

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About Invitation Homes

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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