Invitation Homes Inc. (NYSE:INVH) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in Invitation Homes Inc. (NYSE:INVHFree Report) by 1.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 157,188 shares of the company’s stock after selling 1,512 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Invitation Homes were worth $5,597,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Invitation Homes during the first quarter valued at $26,000. Creekmur Asset Management LLC acquired a new stake in shares of Invitation Homes during the fourth quarter valued at $46,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after acquiring an additional 1,061 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Invitation Homes during the first quarter valued at $75,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Invitation Homes during the fourth quarter valued at $79,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays reduced their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. Evercore ISI increased their target price on Invitation Homes from $36.00 to $37.00 and gave the stock an “in-line” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $38.00 target price on shares of Invitation Homes in a research report on Monday, June 17th. Finally, Raymond James increased their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.06.

View Our Latest Analysis on INVH

Invitation Homes Price Performance

INVH stock opened at $35.85 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53. The firm has a market cap of $21.96 billion, a P/E ratio of 41.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The stock has a 50-day simple moving average of $35.18 and a 200-day simple moving average of $34.41.

Invitation Homes (NYSE:INVHGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. The business had revenue of $646.04 million for the quarter, compared to analyst estimates of $630.97 million. On average, equities analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.12%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Insider Buying and Selling at Invitation Homes

In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the sale, the chief operating officer now owns 275,296 shares in the company, valued at approximately $9,594,065.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now owns 275,296 shares of the company’s stock, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Invitation Homes Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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