145,009 Shares in Invitation Homes $INVH Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Invitation Homes (NYSE:INVH) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 145,009 shares of the company’s stock, valued at approximately $3,818,000.

Several other institutional investors and hedge funds have also made changes to their positions in INVH. Profund Advisors LLC lifted its stake in Invitation Homes by 39.7% during the third quarter. Profund Advisors LLC now owns 9,990 shares of the company’s stock worth $263,000 after purchasing an additional 2,841 shares during the last quarter. ProShare Advisors LLC increased its stake in Invitation Homes by 5.9% during the third quarter. ProShare Advisors LLC now owns 159,211 shares of the company’s stock valued at $4,192,000 after purchasing an additional 8,831 shares during the last quarter. Vise Technologies Inc. bought a new stake in Invitation Homes during the third quarter valued at $223,000. Summit Global Investments bought a new stake in Invitation Homes during the third quarter valued at $863,000. Finally, State of Wyoming acquired a new stake in shares of Invitation Homes during the third quarter worth $379,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

Shares of Invitation Homes stock traded down $0.46 during trading on Friday, hitting $27.10. 4,544,729 shares of the stock were exchanged, compared to its average volume of 5,644,728. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.01 and a current ratio of 0.01. Invitation Homes has a 12 month low of $24.25 and a 12 month high of $30.89. The stock’s fifty day moving average is $27.17 and its 200 day moving average is $27.79. The stock has a market cap of $15.61 billion, a PE ratio of 23.77, a P/E/G ratio of 4.00 and a beta of 0.81.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. The firm had revenue of $731.28 million for the quarter, compared to the consensus estimate of $742.55 million. Invitation Homes had a net margin of 23.54% and a return on equity of 7.62%. Invitation Homes’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that Invitation Homes will post 1.90 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 24th were paid a $0.30 dividend. The ex-dividend date was Thursday, September 24th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. Invitation Homes’s dividend payout ratio (DPR) is presently 105.26%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INVH. Wells Fargo & Company reduced their price target on shares of Invitation Homes from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Citigroup reaffirmed a “buy” rating on shares of Invitation Homes in a research report on Thursday, August 6th. Jefferies Financial Group upgraded shares of Invitation Homes to a “hold” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada decreased their target price on Invitation Homes from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 13th. Finally, Keefe, Bruyette & Woods upped their target price on Invitation Homes from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.00.

Invitation Homes Profile

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing for individuals and families, with properties generally located in suburban communities and metropolitan areas.

The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.