Asset Management One Co. Ltd. Increases Holdings in Invitation Home (NYSE:INVH)

Asset Management One Co. Ltd. grew its holdings in Invitation Home (NYSE:INVH - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,200,067 shares of the company's stock after buying an additional 33,338 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.20% of Invitation Home worth $41,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of INVH. Norges Bank purchased a new position in shares of Invitation Home in the 4th quarter valued at approximately $1,646,794,000. JPMorgan Chase & Co. lifted its stake in shares of Invitation Home 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 purchasing an additional 4,661,213 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of Invitation Home by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after purchasing an additional 3,870,432 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Invitation Home in the 4th quarter valued at approximately $67,743,000. Finally, Northern Trust Corp lifted its stake in shares of Invitation Home by 27.3% in the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after purchasing an additional 1,463,236 shares during the period. Hedge funds and other institutional investors own 96.79% of the company's stock.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the transaction, the chief executive officer now directly owns 642,973 shares in the company, valued at $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on INVH. The Goldman Sachs Group raised their price objective on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Barclays raised their price objective on Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Raymond James Financial raised their price objective on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and raised their price objective for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Finally, Oppenheimer raised their price objective on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.97.

Invitation Home Stock Performance

Shares of INVH traded down $0.22 during trading hours on Friday, hitting $32.70. The stock had a trading volume of 4,361,963 shares, compared to its average volume of 3,407,265. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The firm has a market capitalization of $20.04 billion, a PE ratio of 42.46, a PEG ratio of 3.25 and a beta of 0.82. The stock has a fifty day moving average price of $33.79 and a 200 day moving average price of $32.84.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million for the quarter, compared to the consensus estimate of $663.77 million. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. Invitation Home's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. Analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 26th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.55%. Invitation Home's dividend payout ratio (DPR) is presently 150.65%.

About Invitation Home

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.