Mitsubishi UFJ Trust & Banking Corp Sells 22,293 Shares of Invitation Homes Inc. (NYSE:INVH)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,222 shares of the company’s stock after selling 22,293 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Invitation Homes were worth $8,287,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock valued at $117,000 after buying an additional 2,344 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in Invitation Homes during the 3rd quarter worth about $263,000. Charles Schwab Investment Management Inc. increased its position in Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after acquiring an additional 31,184 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Invitation Homes by 696.9% in the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock worth $2,508,000 after acquiring an additional 61,973 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Invitation Homes during the fourth quarter worth approximately $595,000. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on INVH shares. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays reissued an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Nine research 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, the company presently has a consensus rating of “Hold” and an average price target of $37.47.

Invitation Homes Trading Up 0.9 %

Shares of NYSE INVH opened at $34.48 on Friday. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 48.56, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s fifty day moving average is $32.51 and its 200-day moving average is $33.12.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Equities research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

About Invitation Homes

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.