Mitsubishi UFJ Asset Management Co. Ltd. Buys 107,144 Shares of Invitation Home $INVH

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Invitation Home (NYSE:INVH) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 1,543,661 shares of the company’s stock after purchasing an additional 107,144 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Invitation Home were worth $50,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new stake in Invitation Home during the 2nd quarter valued at $30,000. Larson Financial Group LLC boosted its stake in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after buying an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Invitation Home in the first quarter worth $37,000. Zions Bancorporation National Association UT purchased a new stake in Invitation Home during the first quarter valued at $40,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Invitation Home by 49.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock valued at $42,000 after acquiring an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Monday, October 13th. Scotiabank dropped their price objective on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating on the stock in a report on Monday. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. upgraded shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a research report on Friday, October 17th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.16.

Invitation Home Trading Up 0.2%

Shares of NYSE:INVH opened at $28.07 on Tuesday. The stock has a 50 day moving average of $28.97 and a 200 day moving average of $31.31. The company has a market cap of $17.21 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81. Invitation Home has a 12-month low of $27.38 and a 12-month high of $35.80. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $688.17 million for the quarter, compared to analysts’ expectations of $679.41 million. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities research analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio is presently 122.11%.

About Invitation Home

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.