Invitation Home (NYSE:INVH) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invitation Home (NYSE:INVH - Free Report) by 12.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,290 shares of the company's stock after acquiring an additional 9,893 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Invitation Home were worth $3,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC increased its stake in shares of Invitation Home by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Invitation Home by 654.8% in the fourth 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 period. Smartleaf Asset Management LLC increased its stake in shares of Invitation Home by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after buying an additional 378 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Invitation Home by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company's stock valued at $59,000 after buying an additional 806 shares during the period. Finally, NBC Securities Inc. boosted its position in shares of Invitation Home by 99,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,996 shares of the company's stock valued at $69,000 after purchasing an additional 1,994 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

INVH has been the subject of several analyst reports. Raymond James Financial increased their price objective on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Scotiabank raised their price target on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Oppenheimer increased their price objective on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group raised their price target on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Invitation Home has a consensus rating of "Moderate Buy" and an average target price of $37.97.

Invitation Home Stock Performance

Shares of Invitation Home stock traded up $0.11 during trading hours on Friday, hitting $32.62. 1,808,219 shares of the company were exchanged, compared to its average volume of 3,415,021. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $33.67 and a 200-day moving average of $32.85. The stock has a market capitalization of $19.99 billion, a price-to-earnings ratio of 42.36, a P/E/G ratio of 3.24 and a beta of 0.80.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. Invitation Home's quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is 150.65%.

Insiders Place Their Bets

In related news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

Invitation Home Company 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.