Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 147,915 shares of the company’s stock after purchasing an additional 3,074 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invitation Homes were worth $5,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Invitation Homes by 1.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company’s stock worth $146,569,000 after buying an additional 40,558 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Invitation Homes by 1.0% during the 3rd quarter. M&T Bank Corp now owns 73,517 shares of the company’s stock worth $2,330,000 after acquiring an additional 756 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Invitation Homes by 5.3% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,918 shares of the company’s stock worth $1,233,000 after acquiring an additional 1,974 shares during the period. Qube Research & Technologies Ltd purchased a new position in Invitation Homes in the 3rd quarter valued at approximately $3,481,000. Finally, Advisors Asset Management Inc. raised its holdings in Invitation Homes by 23.9% during the third quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock worth $2,620,000 after purchasing an additional 15,935 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Performance

NYSE INVH opened at $33.78 on Tuesday. The business’s 50-day moving average price is $34.22 and its 200 day moving average price is $33.37. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.53. The company has a market capitalization of $20.69 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.94.

Invitation Homes (NYSE:INVH) 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 firm had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. On average, research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.32%. Invitation Homes’s dividend payout ratio (DPR) is currently 133.33%.

Insider Buying and Selling

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction that occurred 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 $1,287,035.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Invitation Homes in a report on Tuesday, January 30th. They issued a “hold” rating and a $35.00 target price on the stock. KeyCorp boosted their price objective on shares of Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, March 7th. Morgan Stanley reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, December 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Invitation Homes in a research report on Thursday, February 15th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.19.

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.