Mitsubishi UFJ Asset Management Co. Ltd. Acquires 109,278 Shares of Invitation Homes Inc. (NYSE:INVH)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Invitation Homes Inc. (NYSE:INVH) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,325,625 shares of the company’s stock after purchasing an additional 109,278 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Invitation Homes worth $42,327,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Lindbrook Capital LLC grew its holdings in Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares during the period. Smartleaf Asset Management LLC grew its stake in 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 buying an additional 378 shares during the last quarter. Allworth Financial LP raised its holdings in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares during the period. Finally, Center for Financial Planning Inc. bought a new position in Invitation Homes in the 4th quarter worth $48,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Price Performance

Shares of Invitation Homes stock opened at $34.48 on Friday. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. 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 firm has a market cap of $21.12 billion, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The firm’s 50-day simple moving average is $32.51 and its 200-day simple moving average is $33.12.

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

Invitation Homes Dividend Announcement

The business 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 dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. Invitation Homes’s payout ratio is presently 158.90%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. 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 report on Friday, January 24th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Finally, Barclays reiterated an “overweight” rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Invitation Homes has an average rating of “Hold” and an average target price 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.