Korea Investment CORP Acquires New Position in Invitation Home $INVH

Korea Investment CORP bought a new position in Invitation Home (NYSE:INVH) in the second quarter, Holdings Channel reports. The institutional investor bought 526,744 shares of the company’s stock, valued at approximately $15,913,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Invitation Home during the second quarter worth approximately $1,866,973,000. Norges Bank purchased a new stake in shares of Invitation Home in the 4th quarter valued at $1,438,952,000. State Street Corp boosted its stake in shares of Invitation Home by 1.3% in the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after purchasing an additional 462,379 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Invitation Home by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after purchasing an additional 203,474 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Invitation Home by 8.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock valued at $424,922,000 after purchasing an additional 1,168,113 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH opened at $30.11 on Monday. The firm has a fifty day simple moving average of $29.85 and a two-hundred day simple moving average of $28.03. The stock has a market capitalization of $17.78 billion, a P/E ratio of 27.62, a PEG ratio of 4.30 and a beta of 0.83. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. Invitation Home has a twelve month low of $24.25 and a twelve month high of $31.38.

Invitation Home (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.34. The firm had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, research analysts anticipate that Invitation Home will post 1.89 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were issued a $0.30 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.20 annualized dividend and a yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is 110.09%.

Analyst Ratings Changes

A number of equities analysts recently commented on INVH shares. Royal Bank Of Canada lifted their target price on shares of Invitation Home from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Scotiabank upped their price target on shares of Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Jefferies Financial Group raised Invitation Home to a “hold” rating in a research note on Wednesday, July 22nd. Mizuho lifted 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. Finally, Evercore reissued an “outperform” rating and issued a $32.00 target price on shares of Invitation Home in a research note on Friday, May 1st. Ten equities research 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 MarketBeat, Invitation Home presently has a consensus rating of “Hold” and a consensus target price of $32.68.

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.