Korea Investment CORP Raises Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Korea Investment CORP grew its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 567,647 shares of the company’s stock after buying an additional 44,769 shares during the period. Korea Investment CORP’s holdings in Invitation Homes were worth $18,148,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Invitation Homes by 767.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after buying an additional 4,883,564 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after acquiring an additional 1,089,281 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Invitation Homes by 214.5% in the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after acquiring an additional 780,760 shares during the period. American Century Companies Inc. grew its position in shares of Invitation Homes by 46.8% during the fourth quarter. American Century Companies Inc. now owns 1,242,939 shares of the company’s stock worth $39,737,000 after purchasing an additional 396,319 shares in the last quarter. Finally, State Street Corp raised its stake in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Performance

NYSE INVH opened at $34.48 on Friday. The company has a market cap of $21.12 billion, a P/E ratio of 48.56, a P/E/G ratio of 4.70 and a beta of 1.03. The business’s 50 day moving average price is $32.51 and its 200-day moving average price is $33.12. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Sell-side analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays reiterated an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes presently has an average rating of “Hold” and an average price target of $37.47.

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.