Korea Investment CORP Has $16.98 Million Stock Position in Invitation Home $INVH

Korea Investment CORP trimmed its stake in shares of Invitation Home (NYSE:INVH) by 14.2% during the first quarter, Holdings Channel.com reports. The firm owned 487,091 shares of the company’s stock after selling 80,556 shares during the period. Korea Investment CORP’s holdings in Invitation Home were worth $16,975,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Toronto Dominion Bank increased its position in Invitation Home by 6.6% in the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company’s stock worth $9,794,000 after purchasing an additional 19,084 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Invitation Home during the fourth quarter worth $338,000. Wealth Enhancement Advisory Services LLC increased its holdings in Invitation Home by 9.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company’s stock worth $520,000 after purchasing an additional 1,268 shares in the last quarter. FORA Capital LLC bought a new position in shares of Invitation Home during the fourth quarter worth about $265,000. Finally, Wexford Capital LP bought a new position in shares of Invitation Home during the 4th quarter worth approximately $320,000. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

INVH has been the subject of several analyst reports. Oppenheimer raised their price objective on Invitation Home from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. The Goldman Sachs Group upped their price objective on shares of Invitation Home from $39.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Raymond James Financial raised their target price on shares of Invitation Home from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Citigroup raised shares of Invitation Home 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. Finally, Scotiabank increased their price target on shares of Invitation Home from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Invitation Home has an average rating of “Hold” and an average target price of $37.26.

Invitation Home Trading Up 0.1%

Shares of Invitation Home stock opened at $30.5450 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a 50-day moving average of $31.96 and a 200-day moving average of $32.82. Invitation Home has a 52-week low of $29.37 and a 52-week high of $37.80. The stock has a market cap of $18.72 billion, a PE ratio of 34.71, a PEG ratio of 3.13 and a beta of 0.78.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. During the same period last year, the firm earned $0.47 earnings per share. Invitation Home’s revenue for the quarter was up 4.3% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, sell-side analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, June 26th. Invitation Home’s payout ratio is presently 131.82%.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of the 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 sale, the chief executive officer owned 642,973 shares of the company’s stock, valued at $21,481,727.93. This represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

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.