Daiwa Securities Group Inc. Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Daiwa Securities Group Inc. grew its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 9.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,748,855 shares of the company’s stock after buying an additional 997,353 shares during the period. Invitation Homes accounts for approximately 1.9% of Daiwa Securities Group Inc.’s holdings, making the stock its 12th biggest holding. Daiwa Securities Group Inc.’s holdings in Invitation Homes were worth $414,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board increased its stake in Invitation Homes by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after buying an additional 128,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after acquiring an additional 170,374 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Invitation Homes by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock worth $231,562,000 after acquiring an additional 248,701 shares during the last quarter. PGGM Investments lifted its stake in shares of Invitation Homes by 4.9% in the first quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock worth $176,812,000 after acquiring an additional 232,012 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Invitation Homes by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company’s stock valued at $125,330,000 after purchasing an additional 50,881 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on INVH shares. UBS Group upped their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $37.00 to $38.00 in a report on Monday, August 26th. Royal Bank of Canada reduced their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, Scotiabank lowered their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Stock Performance

Invitation Homes stock opened at $33.88 on Friday. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 5.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50 day simple moving average is $34.10 and its two-hundred day simple moving average is $35.01. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 157.75%.

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.