GF Fund Management CO. LTD. Invests $338,000 in Invitation Homes Inc. (NYSE:INVH)

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

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Invitation Homes in the 4th quarter valued at $1,646,794,000. JPMorgan Chase & Co. grew its position in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC grew its position in shares of Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after buying an additional 3,870,432 shares during the last quarter. Northern Trust Corp grew its position in shares of Invitation Homes by 27.3% in the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after buying an additional 1,463,236 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Invitation Homes by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock worth $69,004,000 after purchasing an additional 1,131,029 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Shares of NYSE INVH traded down $0.11 during midday trading on Friday, hitting $33.39. The company had a trading volume of 925,197 shares, compared to its average volume of 3,364,493. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $33.63 and a two-hundred day simple moving average of $32.91. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The firm has a market capitalization of $20.47 billion, a price-to-earnings ratio of 47.06, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its 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 firm had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. During the same period last year, the firm posted $0.47 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on INVH shares. Barclays increased their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods raised their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, May 5th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Scotiabank raised their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada raised their target price on shares of 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $37.94.

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.