Yahoo Finance Insider Sale at Invitation Homes Inc (INVH): President & COO Charles Young Sells Shares
On May 9, 2024, Charles Young, President & Chief Operating Officer of Invitation Homes Inc (NYSE:INVH), sold 65,582 shares of the company. The transaction was filed on the same day with the SEC.
Invitation Homes Inc specializes in acquiring, renovating, leasing, and operating single-family homes as rental properties. This business model caters to the growing demand for single-family rental spaces in the United States.
Following this transaction, the insider transaction history for Invitation Homes Inc shows a total of 2 insider sells over the past year, with no insider buys recorded during the same period.
On the valuation front, Invitation Homes Inc was trading at $34.76 per share on the day of the sale. This pricing gives the company a market cap of approximately $21.30 billion. The price-earnings ratio stands at 40.21, which is above the industry median of 16.32.
The GF Value for Invitation Homes Inc is calculated at $38.18, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.91.
The GF Value is derived from historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and supplemented by future business performance estimates from Morningstar analysts.
This sale by the insider reflects a significant transaction within the company's stock, aligning with the broader trend of insider selling activities over the past year.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
