Korea Investment CORP Has $18.15 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Korea Investment CORP boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 567,647 shares of the company's stock after acquiring an additional 44,769 shares during the period. Korea Investment CORP owned approximately 0.09% of Invitation Homes worth $18,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC lifted its stake in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after acquiring an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 buying an additional 378 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes in the fourth quarter valued at about $48,000. 96.79% of the stock is currently owned by institutional investors.

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Invitation Homes Price Performance

Shares of INVH traded up $0.39 during trading hours on Monday, reaching $34.86. The stock had a trading volume of 5,228,066 shares, compared to its average volume of 3,286,978. 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 Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The stock has a market capitalization of $21.36 billion, a PE ratio of 49.10, a PEG ratio of 4.70 and a beta of 1.03. The company's 50-day moving average is $32.58 and its two-hundred day moving average is $33.09.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $659.13 million for the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.33%. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JMP Securities restated a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Keefe, Bruyette & Woods lifted their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Barclays restated an "overweight" rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Mizuho upgraded 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 research note on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $37.47.

Invitation Homes 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.