Invitation Homes Inc. (NYSE:INVH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 259,222 shares of the company's stock after selling 22,293 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Invitation Homes were worth $8,287,000 at the end of the most recent quarter.

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

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Invitation Homes Price Performance

Shares of NYSE:INVH traded up $0.39 during trading on Monday, hitting $34.86. 5,228,066 shares of the stock were exchanged, compared to its average volume of 3,286,978. The company has a market cap of $21.36 billion, a PE ratio of 49.10, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $32.58 and a two-hundred day moving average price of $33.09. Invitation Homes Inc. has a 12-month low of $30.13 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. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. On average, analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on INVH. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods increased their price target 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. Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Barclays reissued an "overweight" rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Finally, Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $39.00 to $35.00 in a research note 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $37.47.

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.