Nomura Asset Management Co. Ltd. Buys 35,214 Shares of Invitation Homes Inc. (NYSE:INVH)

Nomura Asset Management Co. Ltd. raised its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 932,807 shares of the company's stock after buying an additional 35,214 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.15% of Invitation Homes worth $29,822,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in INVH. New Age Alpha Advisors LLC purchased a new position in shares of Invitation Homes during the 4th quarter valued at $7,885,000. Norges Bank bought a new stake in Invitation Homes during the fourth quarter valued at $1,646,794,000. NEOS Investment Management LLC grew its position in Invitation Homes by 30.5% during the fourth quarter. NEOS Investment Management LLC now owns 31,942 shares of the company's stock worth $1,021,000 after buying an additional 7,461 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in Invitation Homes by 7.1% in the 4th quarter. UniSuper Management Pty Ltd now owns 243,532 shares of the company's stock worth $7,786,000 after acquiring an additional 16,216 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after acquiring an additional 4,661,213 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Up 1.1 %

Shares of NYSE INVH traded up $0.39 during mid-day trading on Monday, hitting $34.86. The stock had a trading volume of 5,228,066 shares, compared to its average volume of 3,286,978. The firm has a market cap 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. 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 business has a 50 day moving average price of $32.58 and a two-hundred day moving average price of $33.09. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80.

Remove Ads

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.47. The firm had revenue of $659.13 million for 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 analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays reissued an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Keefe, Bruyette & Woods raised their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $37.47.

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.