Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,325,625 shares of the company's stock after acquiring an additional 109,278 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of Invitation Homes worth $42,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INVH. Lindbrook Capital LLC boosted its position in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after acquiring an additional 329 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of 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 purchasing an additional 378 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock valued at $1,133,000 after purchasing an additional 408 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Invitation Homes by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock valued at $235,000 after purchasing an additional 412 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV raised its holdings in Invitation Homes by 2.8% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company's stock worth $506,000 after purchasing an additional 442 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms recently commented on INVH. Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 5th. Barclays reissued an "overweight" rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and upped their target price for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, JMP Securities reissued a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $37.47.

Invitation Homes Stock Performance

INVH traded up $0.39 during trading on Monday, reaching $34.86. 5,228,066 shares of the company's stock were exchanged, compared to its average volume of 3,286,978. 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 1 year low of $30.13 and a 1 year high of $37.80. The company's fifty day simple moving average is $32.58 and its 200-day simple moving average is $33.09. The stock has a market capitalization of $21.36 billion, a P/E ratio of 49.10, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts' consensus estimates of $0.47. The firm had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.33%. Invitation Homes's dividend payout ratio (DPR) is presently 158.90%.

Invitation Homes 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.