Invitation Homes Inc. (NYSE:INVH) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 925,717 shares of the company's stock after acquiring an additional 51,064 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Invitation Homes worth $31,539,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. grew its stake in Invitation Homes by 0.7% during the fourth quarter. Principal Financial Group Inc. now owns 20,923,484 shares of the company's stock worth $713,700,000 after buying an additional 147,050 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Invitation Homes by 9.6% during the third quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company's stock worth $390,912,000 after buying an additional 1,080,000 shares in the last quarter. Morgan Stanley grew its stake in Invitation Homes by 19.5% during the third quarter. Morgan Stanley now owns 8,993,919 shares of the company's stock worth $285,017,000 after buying an additional 1,466,330 shares in the last quarter. Northern Trust Corp grew its stake in Invitation Homes by 2.2% during the third quarter. Northern Trust Corp now owns 7,066,681 shares of the company's stock worth $223,943,000 after buying an additional 151,903 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Invitation Homes by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,067,188 shares of the company's stock worth $206,952,000 after buying an additional 144,897 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Trading Down 1.2 %

Shares of NYSE:INVH traded down $0.44 during mid-day trading on Thursday, hitting $35.21. The company had a trading volume of 2,605,975 shares, compared to its average volume of 3,188,325. The firm has a fifty day moving average price of $34.62 and a 200 day moving average price of $33.75. The company has a market capitalization of $21.57 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. As a group, research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.18%. Invitation Homes's dividend payout ratio is currently 128.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Evercore ISI restated an "in-line" rating and issued a $36.00 price target on shares of Invitation Homes in a research note on Monday, March 18th. Citigroup restated a "neutral" rating and issued a $39.00 price target on shares of Invitation Homes in a research note on Friday, March 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Invitation Homes in a research note on Thursday, February 15th. Mizuho raised their price target on shares of Invitation Homes from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, March 20th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, March 7th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.24.

Insider Activity

In related news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the sale, the chief financial officer now owns 37,037 shares of the company's stock, valued at approximately $1,287,035.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares of the company's stock, valued at approximately $9,594,065.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes 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 transaction, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Invitation Homes 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.