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

Mirae Asset Global Investments Co. Ltd. grew its position in Invitation Homes Inc. (NYSE:INVH) by 30.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,650 shares of the company’s stock after acquiring an additional 17,277 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Invitation Homes were worth $2,613,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Oregon Public Employees Retirement Fund increased its position in Invitation Homes by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after acquiring an additional 310 shares during the period. GAMMA Investing LLC increased its holdings in shares of Invitation Homes by 6.5% in the third quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after purchasing an additional 343 shares during the period. CWM LLC raised its stake in shares of Invitation Homes by 5.1% during the third quarter. CWM LLC now owns 7,285 shares of the company’s stock worth $257,000 after purchasing an additional 351 shares during the last quarter. Appleton Partners Inc. MA lifted its holdings in shares of Invitation Homes by 0.9% during the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock worth $1,431,000 after purchasing an additional 365 shares during the period. Finally, Inspire Investing LLC grew its position in Invitation Homes by 0.6% in the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock valued at $2,279,000 after buying an additional 369 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on INVH shares. UBS Group raised their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Scotiabank lowered their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Invitation Homes has an average rating of “Moderate Buy” and an average price target of $39.00.

Invitation Homes Stock Performance

NYSE INVH opened at $33.25 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.37 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 4.82 and a beta of 1.01. Invitation Homes Inc. has a fifty-two week low of $29.23 and a fifty-two week high of $37.80. The business has a fifty day moving average of $35.23 and a 200-day moving average of $35.12.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.37%. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

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.