Mitsubishi UFJ Asset Management Co. Ltd. Acquires 109,278 Shares of Invitation Homes Inc. (NYSE:INVH)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Invitation Homes Inc. (NYSE:INVH) by 9.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,325,625 shares of the company’s stock after purchasing an additional 109,278 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Invitation Homes were worth $42,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after buying an additional 378 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Invitation Homes by 1.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after buying an additional 408 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Invitation Homes by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company’s stock valued at $235,000 after buying an additional 412 shares during the period. Finally, Arbor Capital Management Inc. ADV raised its position in shares of Invitation Homes by 2.8% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company’s stock worth $506,000 after acquiring an additional 442 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods raised their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Barclays reissued an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Trading Up 0.9 %

NYSE INVH opened at $34.48 on Friday. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $21.12 billion, a P/E ratio of 48.56, a P/E/G ratio of 4.70 and a beta of 1.03. The stock’s 50-day moving average is $32.51 and its 200-day moving average is $33.12.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.36%. Invitation Homes’s dividend payout ratio is currently 158.90%.

Invitation Homes 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.