Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its stake in Invitation Homes Inc. (NYSE:INVH) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,484 shares of the company’s stock after purchasing an additional 1,767 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Invitation Homes were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in INVH. Morgan Stanley increased its position in Invitation Homes by 19.5% during the 3rd quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock worth $285,017,000 after purchasing an additional 1,466,330 shares during the period. Canada Pension Plan Investment Board increased its position in Invitation Homes by 9.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock worth $390,912,000 after purchasing an additional 1,080,000 shares during the period. Barclays PLC increased its position in Invitation Homes by 79.6% during the 3rd quarter. Barclays PLC now owns 1,996,051 shares of the company’s stock worth $63,259,000 after purchasing an additional 884,702 shares during the period. Schonfeld Strategic Advisors LLC increased its position in Invitation Homes by 262.8% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 728,735 shares of the company’s stock worth $23,094,000 after purchasing an additional 527,876 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Invitation Homes by 101.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 665,559 shares of the company’s stock worth $22,702,000 after purchasing an additional 334,664 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Oppenheimer boosted their target price on Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Invitation Homes in a research report on Thursday, February 15th. Jefferies Financial Group raised Invitation Homes from a “hold” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $41.00 in a research note on Tuesday, January 2nd. JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research note on Thursday, March 7th. Finally, Citigroup reissued a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research note on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes currently has an average rating of “Moderate Buy” and an average price target of $38.19.

Invitation Homes Trading Up 0.7 %

Shares of Invitation Homes stock opened at $34.72 on Friday. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The firm has a market cap of $21.27 billion, a PE ratio of 41.33, a P/E/G ratio of 2.05 and a beta of 0.94. The business’s fifty day moving average is $34.38 and its two-hundred day moving average is $33.45. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The business had revenue of $624.32 million for the quarter, compared to analysts’ expectations of $623.51 million. Analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.23%. Invitation Homes’s payout ratio is 133.33%.

Insider Transactions at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.28% of the company’s stock.

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.