Mitsubishi UFJ Asset Management Co. Ltd. Invests $53.52 Million in Invitation Home $INVH

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Invitation Home (NYSE:INVH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,771,512 shares of the company’s stock, valued at approximately $53,517,000.

Several other hedge funds have also recently bought and sold shares of INVH. Plato Investment Management Ltd acquired a new position in Invitation Home during the second quarter worth $2,208,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Invitation Home in the second quarter valued at $18,393,000. Global Retirement Partners LLC acquired a new stake in Invitation Home in the second quarter valued at $100,000. Fielder Capital Group LLC purchased a new position in shares of Invitation Home in the second quarter valued at $273,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Invitation Home in the second quarter valued at $89,182,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on INVH. BMO Capital Markets lifted their price target on Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. Royal Bank Of Canada raised their target price on shares of Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Barclays lifted their target price on shares of Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Scotiabank upped their price target on shares of Invitation Home from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, Citigroup reiterated a “buy” rating on shares of Invitation Home in a research report on Thursday, August 6th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.68.

Invitation Home Stock Performance

Shares of NYSE INVH opened at $30.19 on Thursday. The company has a market cap of $17.83 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 4.25 and a beta of 0.83. Invitation Home has a 12 month low of $24.25 and a 12 month high of $31.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The company has a 50-day simple moving average of $29.83 and a 200-day simple moving average of $27.97.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.34. The business had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, equities analysts anticipate that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s payout ratio is presently 110.09%.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.