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

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

A number of other institutional investors and hedge funds also recently made changes to their positions in INVH. Cohen & Steers Inc. raised its position in Invitation Home by 1.7% during the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares in the last quarter. Norges Bank purchased a new stake in Invitation Home during the fourth quarter valued at about $1,646,794,000. Geode Capital Management LLC raised its position in Invitation Home by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock valued at $480,276,000 after purchasing an additional 365,954 shares in the last quarter. Centersquare Investment Management LLC raised its position in Invitation Home by 42.9% during the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Invitation Home by 74.1% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays raised their price objective on Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Scotiabank lifted their price objective on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. The Goldman Sachs Group lifted their price objective on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods raised their target price on shares of Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Finally, Citigroup upgraded shares of Invitation Home from a "neutral" rating to a "buy" rating and raised their target price for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.97.

Invitation Home Stock Down 0.1%

Invitation Home stock traded down $0.02 during trading hours on Thursday, hitting $32.94. 3,407,794 shares of the stock traded hands, compared to its average volume of 3,404,342. The firm's 50-day moving average price is $33.82 and its two-hundred day moving average price is $32.85. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.46. The company has a market cap of $20.19 billion, a PE ratio of 42.78, a PEG ratio of 3.39 and a beta of 0.82. Invitation Home has a one year low of $29.37 and a one year high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data 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. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The business had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. During the same period in the previous year, the firm posted $0.47 EPS. The business's revenue was up 4.4% on a year-over-year basis. On average, research analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 26th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.52%. Invitation Home's payout ratio is 150.65%.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company's stock.

Invitation Home 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.