GF Fund Management CO. LTD. Purchases New Stake in Invitation Homes Inc. (NYSE:INVH)

GF Fund Management CO. LTD. purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,575 shares of the company's stock, valued at approximately $338,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GTS Securities LLC grew its holdings in Invitation Homes by 132.7% during the fourth quarter. GTS Securities LLC now owns 14,865 shares of the company's stock valued at $475,000 after purchasing an additional 60,291 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Invitation Homes during the 4th quarter worth $1,089,000. Sophron Capital Management L.P. bought a new stake in shares of Invitation Homes during the 4th quarter worth $3,177,000. Wexford Capital LP acquired a new position in Invitation Homes in the 4th quarter valued at $320,000. Finally, Tidal Investments LLC raised its holdings in Invitation Homes by 10.0% in the 4th quarter. Tidal Investments LLC now owns 25,161 shares of the company's stock worth $804,000 after acquiring an additional 2,283 shares during the period. Institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on INVH shares. The Goldman Sachs Group upped their price target on Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Barclays lifted their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods raised their price objective on Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, May 5th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Royal Bank of Canada boosted their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes currently has an average rating of "Hold" and an average price target of $37.94.

Invitation Homes Trading Up 1.2%

INVH traded up $0.40 during mid-day trading on Tuesday, hitting $33.41. The stock had a trading volume of 4,678,479 shares, compared to its average volume of 3,357,621. The stock's fifty day simple moving average is $33.66 and its 200-day simple moving average is $32.91. The firm has a market capitalization of $20.48 billion, a price-to-earnings ratio of 47.05, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.47%. Invitation Homes's payout ratio is 150.65%.

About Invitation Homes

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.