Korea Investment CORP Buys Shares of 526,744 Invitation Home $INVH

Key Points

• Korea Investment Corp. acquired 526,744 Invitation Homes shares worth approximately $15.9 million, giving it a 0.09% stake. Institutional investors collectively own 96.79% of the company.
• Analyst views remain mixed, with 10 Buy, 10 Hold and one Sell rating; the average price target is $32.68, compared with a recent share price of $30.11.
• Invitation Homes exceeded quarterly expectations, reporting $0.51 in EPS and $747.55 million in revenue, up 9.7% year over year. The company also maintains a quarterly dividend of $0.30 per share, yielding about 4.0% annually.

Korea Investment CORP purchased a new stake in shares of Invitation Home (NYSE:INVH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 526,744 shares of the company's stock, valued at approximately $15,913,000. Korea Investment CORP owned about 0.09% of Invitation Home at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in INVH. Clearstead Trust LLC purchased a new stake in shares of Invitation Home during the 2nd quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Invitation Home by 136,000.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company's stock worth $40,000 after acquiring an additional 1,360 shares during the period. Prosperity Bancshares Inc purchased a new position in shares of Invitation Home in the fourth quarter valued at $42,000. MUFG Securities EMEA plc purchased a new position in shares of Invitation Home in the second quarter valued at $55,000. Finally, AdvisorNet Financial Inc grew its position in shares of Invitation Home by 7,687.5% in the first quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company's stock valued at $46,000 after purchasing an additional 1,845 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on INVH. Mizuho increased their price objective on Invitation Home from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, June 17th. Wells Fargo & Company raised shares of Invitation Home from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $31.00 to $33.00 in a report on Wednesday, June 24th. Cfra cut shares of Invitation Home from a "hold" rating to a "sell" rating and lowered their target price for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods boosted their price target on shares of Invitation Home from $29.00 to $31.00 and gave the company a "market perform" rating in a research report on Wednesday, August 5th. Finally, Evercore reaffirmed an "outperform" rating and issued a $32.00 price target on shares of Invitation Home in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $32.68.

Invitation Home Stock Performance

Shares of INVH opened at $30.11 on Monday. The firm's 50 day simple moving average is $29.85 and its 200 day simple moving average is $28.03. The company has a market capitalization of $17.78 billion, a P/E ratio of 27.62, a P/E/G ratio of 4.30 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 1-year low of $24.25 and a 1-year high of $31.38.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The business had revenue of $747.55 million during the quarter, compared to analysts' expectations of $731.13 million. During the same quarter in the previous year, the company earned $0.48 EPS. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Sell-side analysts forecast that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home's payout ratio is currently 110.09%.

About Invitation Home

Invitation Homes NYSE: INVH is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.

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