Mufg Securities Americas Inc. Invests $269,000 in Invitation Homes Inc. (NYSE:INVH)

Mufg Securities Americas Inc. purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,411 shares of the company's stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Virtus ETF Advisers LLC raised its holdings in Invitation Homes by 7.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock valued at $157,000 after acquiring an additional 319 shares during the last quarter. Lindbrook Capital LLC boosted its position in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after buying an additional 329 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 purchasing an additional 378 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after acquiring an additional 408 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Invitation Homes by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock worth $235,000 after purchasing an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Down 0.2%

NYSE INVH traded down $0.07 during mid-day trading on Tuesday, hitting $34.33. The company's stock had a trading volume of 2,236,918 shares, compared to its average volume of 3,329,310. The company's 50 day simple moving average is $33.70 and its 200 day simple moving average is $32.89. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The company had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 150.65%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank raised their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Oppenheimer raised their price target on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Barclays raised their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group raised their price target on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $37.94.

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.