Asset Management One Co. Ltd. Raises Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Asset Management One Co. Ltd. grew its stake in Invitation Homes Inc. (NYSE:INVH) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,166,729 shares of the company’s stock after buying an additional 15,599 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of Invitation Homes worth $37,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of Invitation Homes during the second quarter worth about $200,000. CWM LLC grew its position in shares of Invitation Homes by 5.1% during the third quarter. CWM LLC now owns 7,285 shares of the company’s stock worth $257,000 after purchasing an additional 351 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Invitation Homes by 32.4% during the third quarter. Exchange Traded Concepts LLC now owns 9,808 shares of the company’s stock worth $346,000 after purchasing an additional 2,401 shares in the last quarter. Creative Planning grew its position in shares of Invitation Homes by 2.4% during the third quarter. Creative Planning now owns 26,129 shares of the company’s stock worth $921,000 after purchasing an additional 600 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Invitation Homes by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 172,844 shares of the company’s stock worth $6,094,000 after purchasing an additional 2,804 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

NYSE:INVH opened at $31.44 on Friday. The firm has a market capitalization of $19.26 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 4.62 and a beta of 1.04. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The business has a 50 day simple moving average of $31.63 and a 200-day simple moving average of $33.66. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is currently 163.38%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INVH shares. Keefe, Bruyette & Woods cut their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada cut their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Barclays cut their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Invitation Homes 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.