318,502 Shares in Invitation Homes Inc. (NYSE:INVH) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 318,502 shares of the company's stock, valued at approximately $10,212,000. Resona Asset Management Co. Ltd. owned about 0.05% of Invitation Homes at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Invitation Homes in the 4th quarter valued at about $1,646,794,000. JPMorgan Chase & Co. boosted its position in shares of Invitation Homes by 74.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after buying an additional 4,661,213 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after buying an additional 3,870,432 shares in the last quarter. National Bank of Canada FI raised its position in Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock valued at $40,362,000 after buying an additional 780,760 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Invitation Homes by 46.8% in the 4th quarter. American Century Companies Inc. now owns 1,242,939 shares of the company's stock valued at $39,737,000 after acquiring an additional 396,319 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of INVH stock traded up $0.02 on Friday, hitting $31.66. 649,606 shares of the company's stock were exchanged, compared to its average volume of 3,322,610. The company has a 50 day moving average of $32.89 and a 200 day moving average of $32.87. The stock has a market cap of $19.40 billion, a P/E ratio of 44.48, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts' consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, equities research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock 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 report on Wednesday, March 12th. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Invitation Homes currently has a consensus rating of "Hold" and a consensus price target of $37.38.

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.